The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, AUD/USD, and AUD/NZD.
EUR/USD: Yesterday's FOMC statement suggests that a December rate hike is still very much alive and it seems as though it would take very poor data to prevent it from happening. We recommend building a short position, adding on any move towards 1.0980, with a stop above 1.1020. We expect a test of 1.0850 that held three times between May and August and a break of that would open up a move down to 1.0500.
AUD/USD: With the possibility of a RBA cut next week and a hawkish Fed, AUDUSD topside should be limited. We are looking for a test below 0.7000 and prefer selling rallies between 0.7140 and 0.7190, with a stop above 0.7275.
AUD/NZD: There is a downtrend line in AUD/NZD that comes in around 1.0720 and we would look to sell rallies between 1.0680 and 1.0720, with a stop above 1.0750, targeting a move towards 1.0325
