15 October, AtoZForex.com, Amsterdam — A new day, with new trade opportunities. The Swiss global financial services company has provided the latest UBS intraday setups, which traders need to acknowledge. Today, the intraday outlook is focused on the major currency pairs EURUSD, USDCHF and NZDUSD.
Kicking off as usual with EURUSD, the Swiss bank has outlined that the pair has: “Ran into the resistance 1.1500 and we prefer playing it from the short side.”
Next week’s ECB meeting is in the pipeline, and a number of investors are already looking for clues. Hence, UBS expects to see the pair: “To top out ahead of the ECB meeting next week, so would sell around current levels with a stop above 1.1530.”
Ever since the disappointing FOMC meetings, the expectations on a Fed rate hike this year have eased tremendously. However, in the short term UBS depicts that: “USDCHF looks oversold and there may be room for a squeeze. Try to play the pair from the long side at 0.9490/0.9500, with a stop below 0.9470”
For the last pair, the Swiss bank comments that NZDUSD still feels bid: “We would buy dips towards 0.6800/0.6820, with a stop below 0.6780, targeting a move towards the resistance at 0.6872, which is the 50% Fibonacci retracement of the April to August move lower. After this the next resistance is 0.6938.”
Let us know down in the comments section, what you think of 15/10 UBS intraday analysis!