The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, AUD/USD, and NZD/USD.
EUR/USD: is trading within range ahead of tomorrow's ECB meeting. The ECB's Q3 Bank Lending Survey was positive for EURUSD in the short term, but the pair didn't really gain any traction off of this. There is no European or US data due today so play the range; buy around 1.1330 with a stop below 1.13 and sell around 1.1380 with a stop above 1.14.
AUD/USD: is trading in a tight range. We expect the pair to eventually break lower and would continue to fade rallies between 0.7300 and 0..7350, with a stop above 0.7410.
NZD/USD: The uptrend that has been observed for the past month has now been broken, so we would look to play the pair from the short side, fading rallies towards 0.6750 and 0.6800, with a tight stop above 0.6850.
