GS: G10 FX – LONDON SPOT TRADER VIEWS
OVERVIEW => We remain mostly sidelined this week until we are out of the woods and have a better sense of USD direction post FOMC. We prefer to be light and nimble in terms of positioning and only hold relevant positioning in JPY, AUD, and NZD.
{EU} EURUSD Neutral => We have cut back positioning here and plan to stay flexible into this week’s events. Key levels for the session: support at 1.1250 then 1.1180-90 (yesterday’s lows) and 1.1120, while resistance stays at 1.1297 (Friday’s high) and then 1.1360.
{JN} USDJPY Higher => We continue to like the pair higher with support at 123.30 (yesterday’s o/n lows) and then 122.70, while resistance is now at 124.20-40.
{GB} GBPUSD Neutral => We remain neutral here in terms of positioning with key levels for today: Resistance at the overnight highs of 1.5615 with 1.5552 support below.
{NZ} NZDUSD Lower => We like the pair lower with key levels for the today: support at 0.6960-70 (yesterday’s lows) and 0.6943 (Friday’s low), with resistance at 0.7000-10 (yesterday’s highs) and then 0.7080.
{AU} AUDUSD Lower => We like the pair lower with key levels: support at 0.7698 (Friday’s low) and 0.7705 (yesterday’s lows), with resistance at 0.7775 (yesterday’s highs) and then 0.7793-0.7800.
{CA} USDCAD Neutral => We remain neutral here with key levels: support at 1.22 (this month’s lows), with resistance at 1.2360 (yesterday’s highs) and then 1.2440-45.
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