EUR/USD: The pair stayed bid overnight, seemingly getting prepared for testing the January high at 1.3739 and the yearly high at 1.3776. We reckon we have some sell opportunities up to those levels. Sell rallies intraday for 1.3660-50 with stop at 1.3775.
AUD/USD: Fows have been very light and it is back up against the 0.9100 level that has capped it since the start of the year. Key data releases this week are tomorrow’s RBA minutes and FOMC minutes on Wednesday. Sell rallies towards 0.9100 and will add onto a further correction towards 0.9170 with a stop above 0.9250.
GBP/USD: This week we have the BoE Minutes, January inflation and unemployment data which should have slightly less impact on markets given the latest spare capacity forward guidance. The next resistances in Cable are the overnight high at 1.6823 and then 1.6880. Buy dips into 1.6700 in Cable.