Goldman Sachs FX Spot Desk Strategies

OVERVIEW => All eyes on today’s NFPs, which we expect in will induce some momentum into the dollar either way and provide a stronger sense of direction into next week. We have taken most positioning off the table until we see what NFPs might bring. 
{EU} EURUSD Neutral=> We remain neutral here, awaiting today’s NFP number to provide a sense of direction in the pair. Key levels for the session: Support comes in at 1.1180 and then 1.1120, with first resistance at 1.1380 ahead of the pivotal 1.1470. 
{JN} USDJPY Higher => We continue to like the pair higher, with key levels for today: Resistance at 124.65-70 and support at 123.75-80. 
{GB} GBPUSD Neutral => We remain neutral on cable for now and prefer to stay flexible to play range bound moves. Levels for the session: Support at 1.5250-60 and then 1.5170-80, with resistance at 1.5440-50 and 1.5529. 
{AU} AUDUSD Lower => We like the pair lower with key levels for the session: Support at 0.7598, and resistance at 0.7760. 
{NZ} NZDUSD Lower => We also like this lower with key levels for the session: Support at 0.7072, and resistance at 0.7220. 
{CA} CADUSD Neutral => We remain neutral for now with key levels for the session: Support at 1.2368, with resistance at 1.2560-65.

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