GS: G10 FX – London Spot Trader Views – FXWW Chatroom

PBoC intervention y/day was largely expected and welcome by the market; once again early Asia session points to a recovery in risk sentiment and equities looks stronger this morning. We stay light and flexible, with our main conviction on short commodities currencies.  
{EU} EURUSD Neutral => Key level for the session: immediate resistance comes in at 1.1540 while support holds at 1.1420/00.  
{JN} USDJPY Neutral => Support comes in around 118.25/45 while resistance stays at 120.20/40. 
{GB} GBPUSD Higher => Cable trades briefly above 1.5800 as China cuts rates but subsequently fails to consolidate on gains as the bounce in European equities encourages fresh USD length. Support comes at 1.5630 while resistance stays at y/day’s high 1.5820. EURGBP 0.72595 – 0.7364 (200dma). 
{NZ} NZDUSD Lower => Key levels for the session: resistance at 0.6562 with support at 0.6440. 
{AU} AUDUSD Lower => In Aussie the key level on the topside is 0.7250 with 0.7040 as support. 
{CA} USDCAD Long => We favour long USDCAD with resistance at 1.3353 (y/day’s high) while on the downside, 1.3144(y/day’s low) works as support. 

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