UOB: Forex analysis & trade recommendations
EUR/USD. The outlook is neutral. A close below 1.0990 is needed to make the outlook bearish and send the pair down to 1.0850. Only return above 1.1130 in the coming days will make the picture positive.
GBP/USD. The outlook is bearish with target at 1.3930.
USD/JPY. The outlook is neutral. A close below 112.00 is needed to make the outlook bearish.
AUD/USD. The outlook is bullish as long as the pair is trading above 0.7130 with target at 0.7325/30.
NZD/USD. The outlook is neutral. The pair is expected to trade between 0.6560 and 0.6750 in the coming days.