{EU} EURUSD Lower => We continue to see the pair lower and like fading any rallies at the resistance levels of 1.0790 and 1.0830 above. The key support is at the post NFP low of 1.0704.
{JN} USDJPY Higher => This pair is now our favourite long expression of the USD and we like buying on dips at the support level of 123.00. The key resistance comes in at 124.00 (psychological level).
{NZ} NZDUSD Lower => We see the pair lower with support at 0.6500 (post NFP low) and resistance at 0.6610.
{AU} AUDUSD Lower => We maintain our bias of seeing the currency pair drift lower. Key levels for the session: support at 0.7016 (post NFP low) with 0.7140 on the topside.
{GB} GBPUSD Neutral => The range last week (1.5498 – 1.5029) was indicative of both the degree of expectations and disappointment into/post the inflation report. The market is now treating GBP as another USD cross and Cable has hence regained a clean beta to EURUSD. This week sees the latest labour market data and to add to the mix we have the political backdrop surrounding the EU referendum. Hence this week feels like one to sit out. New key levels for the session: support at 1.5028 with resistance at 1.5107. EURGBP 0.7108 – 0.7195.
{CA} USDCAD Neutral => With stronger Canadian data likely to keep the BOC contented and without a breakout move in oil we do not see this pair as the best way to play USD and keep our neutral bias. Key technical levels: 1.3210 as the support and 1.3320 as the resistance.
{SZ} USDCHF Neutral => We maintain our neutral bias on the pair and have parity as the first support with 0.9960 below and 1.0128 (cycle high from March 2015) as the resistance.
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