UBS aren't taking any prisoners and if they see a rally then they are going to hammer it
EUR/USD
Despite heading higher on possible Greek extension news and less than appealing US retail sales 1.1530/35 is the level UBS see as the main resistance point and they say sell rallies to 1.1530
EUR/CHF & USD/CHF
Both looked well bid yesterday, yet flows have been muted and we remain range bound. Sell dem rallies to 0.9350 for a target of 0.9100 in USD/CHF and for 1.0500 in EUR/CHF
AUD/USD
Short covering has taken the pair up after the jobs report and US retail sales and smacking a move to 0.7810/30 is what they advise. Take profit at 0.7625 and put a stop in above 0.7910
Anyone see any legs in these trades? I agree with the range bound view and it's been a funny old week with a lot of noise but no real changes in, or sustained direction, save for the pound.
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