OVERVIEW => We remain faithful to our core fundamental views and expect a slightly hawkish FOMC tomorrow. We prefer to be long USD into the FOMC but remain neutral on USDJPY. We are short AUD, NZD, CAD and CHF vs the greenback and short EURGBP.
{EU} EURUSD Lower => We like the pair lower from here throughout later in the summer. We find support at 1.1020/00, resistance at 1.1130.
{JN} USDJPY Neutral => We are still neutral in the pair with key levels of the session: Resistance toward 123.80, with support coming in 123.00.
{GB} GBPUSD Neutral => We like to be short EURGBP but are more cautious on GBPUSD. Levels: 1.5595 support in Cable with yesterday’s highs of 1.5628 on the topside. EURGBP 0.7055 support with 0.7160/95 resistance on the topside.
{NZ} NZDUSD Lower => We still like to be short here with key levels for the session: Resistance at 0.6772/6810 and support 0.6620/00.
{AU} AUDUSD Lower => We still favor the pair lower with key levels for the session: 0.7350/40 resistance and 0.7257 as support on the downside.
{CA} USDCAD Higher => We like the pair higher with important technical levels: support levels at 1.2880, with 1.3050 the resistance area.
{SZ} USDCHF Higher => We like the pair higher with key technical levels: support at the 200dma 0.9532. Resistance above lies at 0.9720.
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