EUR/USD: The pair headed lower and is testing below the double low from last year around 1.2750. We cut longs through 1.2800 and are short again, willing to add on rallies to 1.2820 with stops above 1.2860.
GBP/USD: Cable failed to sustain gains above 1.6400 yesterday and got given in New York. The slide continued today and the pair is now arund 1.6300. With EURUSD being hit hard and marching towards 1.2700. Stay flexible intraday to see whether the trend continues.
USD/CHF: traded above 0.9455, the September 2013 high, as EURUSD extended losses. No one seems to want to trade EURCHF likely as EURUSD feels like heading lower. USDCHF should be supported on dips to 0.9400-20 for now. Although a correction in EURUSD is becoming more likely at some point, the trends seem firmly in place.
AUD/USD: was mostly heavy yesterday following broad-based dollar strengthening and headed lower in Asia as commodities traded soft and Kiwi underwent a sharp selloff. Keep selling rallies in AUDUSD. Resistance lies at 0.8930. Support thereafter lies at 0.8730 ahead of 0.8660.
UBS