We reduced our short EURUSD positioning going into the FOMC meeting, playing the USD strength mainly through USDJPY.
{EU} EURUSD Neutral => We reduced our positioning to limit noise coming from Greek headlines. The plan is to stay flexible. Key levels: support at 1.1180 and 1.1120, while resistance stays at 1.1297 (Friday’s high).
{JN} USDJPY Higher => We continue to like the pair higher with support at 122.70 and 122.13 (o/n low) while resistance stays at 123.82 and 124.92.
{GB} GBPUSD Lower => With the backdrop of risk sentiment and market expectations into the Fed we favour a higher USD into Wednesday with Cable finding some good resistance towards 1.5600, support now at Fridays lows 1.5468.
{NZ} NZDUSD Lower => We like the pair lower with key levels for the session: support at 0.6943 (Friday’s low) and resistance at 0.7082 (0.7028 Thursday’s high)
{AU} AUDUSD Lower => We like the pair lower with key levels: support at 0.7698 (Friday’s low ) and resistance at 0.7793/0.7800.