OVERVIEW => Global equity indexes in red with SPX -1.3% and Eurostoxx -3.4% while EURUSD seems to have broken its risk correlation. Our favourite positioning remains short EURGBP with a preference to sell AUD on rallies and buy USDCAD on dips.
{GB} GBPUSD Neutral => We favor SHORT EURGBP. Levels: 200dma 1.5339 significant support (on closing basis) with 1.5330 lows from 15th Sep intraday level, topside 1.5380. EURGBP 0.7177 – 0.7260.
{AU} AUDUSD Lower => We like to sell AUDUSD on rallies. Key levels for the session: AUD resistance at 0.7075 and 0.7160 while support stays at 0.6982 (o/n low at 0.7019) and 0.6892.
{CA} USDCAD Higher => We like to buy the pair on dips. Key levels: Resistance at 1.3310 and 1.3353 with support at 1.3155 and 1.3013
{NZ} NZDUSD Neutral => Kiwi resistance stays at 0.6390 and 0.6458 with support at 0.6244.
{EU} EURUSD Neutral => Key levels: resistance will come in at 1.1160 and 1.1209. On the downside important to see if we close below the 55dma at 1.1117; then 1.1088 and 1.1015 are the next important levels to watch.
{JN} USDJPY Neutral => Key levels for the session: on the downside 119.70/80 and then 118.90/119.05 while 121.00/30 is still the resistance above on the run to 121.70/80.
{SZ} USDCHF Neutral => Key technical levels for the session: support at 0.9710 and 0.9680 while resistance stays at 0.9822.
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