Trade Ideas For EUR/USD, AUD/USD, NZD/USD, USD/CAD - UBS

The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, AUD/USD, NZD/USD, and USD/CAD.

EUR/USD: We prefer staying short below 1.0680/1.0700.

AUD/USD: We prefer playing AUDUSD from the short side, looking for a test of the September low, given that we prefer to play the US dollar from the long side.

NZD/USD: Price action remains very soft and we prefer playing the pair from the short side as long as the short-term trend line coming in at 0.6550 stays intact.

USD/CAD: We prefer not to chase USDCAD at current levels and would rather look for a dip below 1.3250 to re-establish fresh longs.