The FOMC we interpret as slightly hawkish and we think September is definitely in play. Upcoming data prints becoming very important with US GDP today and Euro zone inflation tomorrow. We like EURUSD lower especially if the data delivers. Our favorite commodity currency shorts are AUD and CAD. We are also still short EURGBP.
{EU} EURUSD Lower => We like the pair lower from here throughout later in the summer. We find support at 1.0925, resistance at 1.1030.
{JN} USDJPY Neutral => We are still neutral in the pair with key levels of the session: Resistance toward 124.50, with support coming in 123.00.
{GB} GBPUSD Neutral => We still like EURGBP lower. IN GBPUSD 1.5250 support in Cable with resistance 1.5691. EURGBP 0.7000 – 0.7160/95
{NZ} NZDUSD Lower => We still like to be short here with key levels for the session: Resistance at 0.6740 and support 0.6560.
{AU} AUDUSD Lower => We still favor the pair lower with key levels for the session: 0.7350/40 resistance and 0.7257 as support on the downside.
{CA} USDCAD Higher => We like the pair higher with important technical levels: support levels at 1.2880, with 1.3050 the resistance area.
{SZ} USDCHF Higher => We like the pair higher with key technical levels: support at the 200dma 0.9532. Resistance above lies at 0.9720.
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