The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/CHF, and AUD/USD.
EUR/USD: is a sell on rallies to 1.0700-1.0720 with stops above 1.0740.
USD/CHF: remains bid as the dollar resumed its bullish trend overnight. The pair is starting to find profit takers and supply ahead of 0.9800 for now. We still prefer buying on dips to 0.9700-0.9720 with stops below 0.9660, for 0.9850.
AUD/USD: slipped a little early yesterday but reversed later, bouncing against the 50% Fibonacci level at 0.7736. We think the pair would be a good sell at 0.7720-30.
