FX Majors Trading Strategies

EUR/USD: With no important data releases today, the pair should hold the recent range. We favour buying on dips for an eventual test higher…Keep an eye on global equities for more clues. We expect liquidity to remain tricky.

USD/CAD: Look to buy on dips ahead of that level with stops below 1.1150. Resistance lies at 1.1300 ahead of the recent high of 1.1385.

AUD/USD: Sell AUDUSD towards 0.8850 with a stop above the October high of 0.8900.

NZD/USD: NZDUSD is a sell ahead of 0.7970 with a stop above 0.8000. First support lies at 0.7880/7900 ahead of 0.7800.

 

UBS