13 August, AtoZForex.com, Vilnius – Swiss global financial services company has shared its latest setups for three currency majors. The following are UBS’ intraday trade ideas for EURUSD, USDJPY, and AUDUSD pairs.
Starting off with Euro, the pair remains in the 1.0800 – 1.1200 range, points out UBS, although it has traded bid since the Yuan depreciation. “Stay flexible and trade the intraday moves,” the major bank notes.
Moving on to Yen, as the China’s market calms down, UBS believes it is time to buy USDJPY on dips close to 124 zone, with a stop loss below 123.50 level.
Finishing with Aussie, the pair has retraced sharply after an initial bear run following the Yuan depreciation. “Sell any rallies towards 0.7400, with a stop above 0.7425”, UBS advices.