EUR/USD: We think the downside at 1.3400 will be the harder end of the range to break,so would buy dips towards 1.3410/20, with a stop around 1.3390. Resistance is at 1.3445 and 1.3485.
USD/CAD: We like to buy dips towards Friday’s breakout level of 1.0760. Supports below there are 1.0700 and 1.0620; resistances are 1.0870 and 1.0900.
AUD/USD: We continue to prefer the short side, selling rallies near 0.9425. We would look for 0.9480/0.9510 to remain very sticky on top, while 0.9320 is the pivot on the downside.
USD/JPY: 101.75 has been well-supported over the past couple of sessions, so we would look to buy around there. We would be sellers at 102.20/30 with a stop above 102.50.
UBS
