The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and AUD/USD.
EUR/USD: remains rangebound with the ongoing Greece negotiations. The pair should stay completely news-driven today. We prefer to be flexible and fade a 50-60pip moves in either direction.
USD/JPY: traded in a very tight range in Asia due to the Lunar New Year holidays. Buy USDJPY on dips around 118.15-25, yesterday's low, with a tight stop below 117.50.
AUD/USD: We still prefer selling rallies to 0.7850 with stops above 0.7925. We expect range trading to continue with the negotiations around Greece in the spotlight again.
