The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, EUR/CHF, and NZD/USD.
EUR/USD: remains rangebound with no clear direction. Intraday moves are quite volatile due to a lack of liquidity, and this is likely to continue for a while. Stay flexible and keep it tight, getting properly involved only at the extremes.
EUR/CHF: had a very quiet start to the week, remaining in reasonably tight ranges. EURCHF remains a sell on rallies to 1.0320 as long as the cross stays below 1.0350.
NZD/USD: was supported on the PBoC cut but could not gain much due to the lack of follow-through buying in China equities. Fade rallies to 0.7740-50, for 0.7650. Support lies at 0.7610 ahead of 0.7650 and resistance at 0.7740 before 0.779
