Goldman Sachs FX Spot Desk Strategies

OVERVIEW => Fallout from developments in Greece sends the USD higher in a very volatile morning session. We stay light and flexible, looking to be tactical until we get further clarity on Greece and how the various assets settle down after today’s initial price turmoil.
{EU} EURUSD Neutral => We stay sidelined until all the morning turmoil has settled. Key levels for the session: 1.1050 remains the short term pivot with support at the overnight 1.0950 low and next resistance at the Friday close of 1.1160 followed by 1.1235. 
{JN} USDJPY Neutral => We are neutral here with levels:  support at 122.40 (o/n low) then 122.00-05, and resistance at 123.20-30 and 124.30-50 (Wed’s high). 
{GB} GBPUSD Neutral => We stay sterling side-lined for the moment. Key levels: Cable support at o/n  1.5645 with resistance Thursdays highs of 1.5770. 
{NZ} NZDUSD Lower => We continue to like the pair lower with support at 0.6800 then 0.6786, and resistance at 0.6930-50. 
{AU} AUDUSD Lower => We like the pair lower with key levels: support at 0.7600-10 (o/n low) and resistance at 0.7750 and the figure above. 
{CA} USDCAD Neutral => We remain neutral here with key levels: support at 1.2285-1.2300 and 1.2276 (Wednesday’s low) with resistance at 1.2425 (last week’s high).

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