Citi: Quick Spot update ex-EUR :
AUD – our trader has taken back his short after the employm. report. Danger here is break down level @ 0.8645/50 which could open 0.8750/75. We remain sellers on rallies but a lot of event risk in next 24hrs.
NZD: similar. Flat and sell above 0.7800 or if we break 0.7650
CAD: Break of 1.14 didnt see the momentum we were hoping for. We are now flat and will byy back towards 1.1325/50
GBP: yesterday’s price action left many puzzled. Still.. looks more one-off than structural, and very at odds with rest of the market.. event risk ahead means we wait to re-sell 0.7875/80 levels now.