POSITIONING => We reduced our long USD positions across the board vs EUR, AUD and NZD. We maintain our small short EURGBP.
Short EURUSD => We will be reactive to Draghi’s comments to adapt our positioning but we would not add on rally ahead of the event. First key level on the downside : YTD low at 1.2571. S/L maintained at 1.2730.
Flat USDJPY => We look to reengage now at 108.20 ahead of NFP. First support for the time being at overnight lows 108.55.
Short NZDUSD => Levels to watch: support at 0.7780/90. On the topside, first resistance at overnight highs 0.7928.
Short AUDUSD => Levels to watch: support at 0.8750 then YTD lows 0.8660. On the topside, 0.8830 the key resistance.
Short EURGBP => Levels to watch: support at YTD lows at 0.77665. On the topside, 0.7829 first resistance followed by 0.7889.
Short EURUSD => We will be reactive to Draghi’s comments to adapt our positioning but we would not add on rally ahead of the event. First key level on the downside : YTD low at 1.2571. S/L maintained at 1.2730.
Flat USDJPY => We look to reengage now at 108.20 ahead of NFP. First support for the time being at overnight lows 108.55.
Short NZDUSD => Levels to watch: support at 0.7780/90. On the topside, first resistance at overnight highs 0.7928.
Short AUDUSD => Levels to watch: support at 0.8750 then YTD lows 0.8660. On the topside, 0.8830 the key resistance.
Short EURGBP => Levels to watch: support at YTD lows at 0.77665. On the topside, 0.7829 first resistance followed by 0.7889.