Goldman Sachs Spot Desk Strategies

OVERVIEW => USD weaker across the board post the dovish FOMC yesterday with CHF and JPY leading the charge versus the USD. Despite the dovish shift in the dots and the Fed incorporating concerns about the international outlook in its statement, the FOMC’s broader message was largely unchanged. Our convictions remain neutral. In terms of the day ahead, we have Canadian CPI and the CB Leading Index for the US.
{AU} AUDUSD Neutral => We like selling rallies in AUD. Key levels: 0.7277 resistance and then 0.7375 above while support is at 0.7137 with 0.7040 below.
{GB} GBPUSD Neutral => Key levels: resistance at 1.5628 with support at 1.5550 and EURGBP 0.7240 – 0.7360/7395.
{CA} USDCAD Neutral => Key levels: resistance at 1.3250 and then 1.3310 above while 1.3073 holds as support.
{EU} EURUSD Neutral => We look to buy dips in EUR. Key levels: 1.1435 and 1.1500 on the topside while 1.1380 and 1.1330 on the downside.
{JN} USDJPY Neutral => Key levels for the session: support at 119.40 with 118.50/80 below and resistance at 121.20/30 with 121.80 above.
{NZ} NZDUSD Neutral => Key levels: support at 0.6312/00 and resistance at 0.6450.
{SZ} USDCHF Neutral => Key technical levels for the session: Support at 0.9569 and resistance lies at 0.9725.

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