POSITIONING => We have put back some EURUSD downside risk through options, and still maintain our long USD bias vs the G10 spectrum:
{EU} Short EURUSD => We have a small short on via options, with key levels for today’s session being: Support at YTD lows of 1.2247; with resistance now at 1.24.
{JN} Small long USDJPY => We maintain some marginal USDJPY length with key technical levels for today: Resistance in the 119.5 region and then 120, with support at coming in at 118.80-90.
{AU} Small Short AUDUSD => Here we have also reduced our position, with levels: support at 0.8060-70, resistance intraday back through 0.82.
{NZ} Flat NZDUSD => We have closed our position here, with key levels for today: topside resistance 0.78 and support back at 0.77.
{GB} Flat GBPUSD => We maintain our neutral bias, with key levels: support at YTD lows of 1.5539 followed but 1.5720 topside.
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