The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, AUD/USD, and NZD/USD.
EUR/USD: is still trading in a wild range and liquidity is getting worse. Short-term players are cutting positions. Stay flexible and keep it tight. We have given up on shorts for now and although the pair may head lower, further squeezes are likely on the topside.
AUD/USD: ran into sellers above 0.7820. We prefer fading rallies, targeting a retracement to 0.7720.
NZD/USD: Fade NZDUSD rallies, for a retracement to 0.7540.
