- EUR: A good number today should give us enough to get through close support at 1.1130 and the big level at 1.1087 where a clean break should bring out renewed selling. 1.1260 now the level to the topside to fade.
- JPY: Whilst I have a dollar positive bias I think a further catalyst or better entry level is probably warranted. The familiar parameters remain support at 119.55 and 119.25 with resistance at the weekly 120.60 high and 121.00.
- GBP: Flows this week have been light and somewhat muddied by month-end – with that out of the way and the chance for the divergence story to take the reins from equities in driving FX we’re hoping for a clearer GBP story. Levels: GBPUSD 1.5088 – 1.5175. EURGBP 0.7335 – 0.7437.
- AUD: We still like AUD lower, but we are cognisant that it is one of the larger positions in G10. Levels: 0.7100 with 0.7155 acting as resistance, and 0.6960 as support.
- CAD: While it is certainly tempting to buy some USDCAD at this level given the lack of dips we have seen, we are cognisant of the break in EURCAD. Levels: 1.3320 support 1.3353 and 1.3457 resistance.
The post Goldman Sachs Spot Desk Strategies appeared first on www.forextell.com.