Trade Ideas For EUR/USD, USD/CHF, AUD/USD, NZD/USD - UBS

The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/CHF, AUD/USD, and NZD/USD.

EUR/USD: extended its move lower yesterday and has now dropped 5% in the past three weeks. Fed Chairwoman Yellen confirmed that a December rate hike is still a possibility and the pair tested 1.0850, which has held a few times earlier this year. We prefer playing the short side, even though the pair has come a long way in a short time. We expect to see rangetrading ahead of US payrolls tomorrow, with buying interest around 1.0800 and sellers lined up above 1.0900. click Source URL