Goldman Sachs Spot Desk Strategies : by Milan Cutkovic

From Goldman Sachs via http://www.fxww.com/fxww-product/chatroom/:

POSITIONING => On the desk we maintain our core long USD view, with our main positions being short EURUSD & USDJPY long, and also keeping our NZD and AUD shorts

Short EURUSD => This remains our core short, with key levels for today: Looking to fade a squeeze and add to our position at the 1.2960-63 level (high of the week) with resistance at 1.30 (trailing a stop currently 1.3020), and first support level at 1.29 and 1.2860 (YTD lows)

Long USDJPY => Here we also maintain our strong conviction and remain long cash and 2w options, looking to buy on dips up until 106.65 (where we see first level of support), with resistance level at around the 107.40-50 mark and then 108 (S/L 106.5).

Short AUDUSD => Here we have added to our short, with key levels for the day: We are seeing first resistance at 0.9081 and then 0.9120, and support at the o/n lows of 0.9053 and then 0.90.

Short NZDUSD => We also remain short here, with key levels being: support at 0.8125-0.8085 area, and with resistance at 0.8267 followed by 0.8352 (this month’s double top).

Short GBPUSD => We are neutral here with key levels for the session being: Start to see resistance at 1.6277 and then 1.6333 area and support at the level of 1.6180.

Flat EURGBP => We remain flat here with key levels for the session: Resistance currently at 0.8066 (week’s highs), with support at the 0.7903 mark.

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