The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/CHF and NZD/USD.
- EUR/USD: We recommend playing a cautious long and adding at 1.1075, with an intraday stop at 1.1015 for a test of the higher end of recent range of 1.0800-1.1200.
- USD/CHF: has finally broken 0.9720/0.9680. Sell rallies towards 0.9700/20 and look for an extension on the move lower; we expect a grind lower, rather than a quick move.
- NZD/USD: Look to establish fresh shorts between 0.6640 and 0.6750, with a stop above 0.6825, targeting a test of the low from earlier this month.