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Trade Ideas For EUR/USD, AUD/USD, NZD/USD, USD/CAD - UBS

From efxnews.com

The following are UBS' latest short-term trading strategies for EUR/USD, AUD/USD, NZD/USD, and USD/CAD. EUR/USD: continues to move lower and the year's low is not that far away. We expect pressure to persist ahead of next week, although short-term accounts will likely be happy to book some profit. The US holiday this week may slow things down, but we see no reason to change strategy. Play the short side and add on any moves to this morning's high of 1.0651, with a stop at 1.0685. AUD/USD: opened near the Friday high today but has since come off, with no clear catalyst for the move other than broad US dollar strength ... (full story)

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