The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and NZD/USD.
EUR/USD: Into US payrolls, continue to play from the short side and add on any move to 1.1050/60, with an intraday stop at 1.1105.
USD/JPY: Unless there's a major surprise to the downside, we prefer to buy USDJPY on dips around 119.50 with a stop below 118.70.
NZD/USD: We prefer being short NZDUSD to being short AUDUSD currently: there is no seasonal demand for the Kiwi, so it feels like the more straightforward trade. Key resistance is 0.7625; while below this play the pair from the short side.
