Trade Ideas are latest short-term (mostly intraday) trading strategies provided by analitics from investment bank UBS. Today we can get to know with bank setups on such pairs like AUD/USD, NZD/USD and EUR/NOK.
Yesterday, our analytics could feel the power from support. Bulls pushed the price above 0,7170, where 50 DMA had created local supply zone. Also today is the day almost entirely controlled by buyers. Commodities and US dollar have something in common with this rally. Anyway, we prefer buying AUD/USD on dips, with a stop below 0.7150, targeting a rally to 0.7250/75 and then fading that move.
Kiwi passed thru supply zone at 0,6600 and it looks like today will be another day of almost non-stop gains. Just like on AUD/USD, we strongly recommend buying this pair on next dips in favor to retest last highs at 0,6708 and 0,6772. Try FxGrow and check the latest promotions.
Positive outlook on commodity pushed EUR/NOK back near support zone at 9,2500 level. Then bears pushed the price even further and currently EUR/NOK is heading to 9,18/1650 supprot zone. UBS advise to look closer, and monitor the pair in favor of probable rally after incoming data from Norway.