The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, and NZD/USD.
EUR/USD: tested above 1.1000 a few times and are is now back at the very low end of the recent range. We expect the heavy tone to remain intact and will keep playing this accordingly. Stay short and add closer to 1.0640 with stops at 1.0705. We keep seeing buyers but with very limited impact.
NZD/USD: slipped below 0.7500 on the China data. We have seen macro names selling down to 0.7445 in a very thin market. We prefer playing a bounce from these levels.
