National Australia Bank - "Key trade ideas:
We’d buy EUR/USD at 1.3275, the base of the post-Jan ECB trading range. Our stop on this position is 1.3170; just below the uptrend drawn off the July USD1.2043 low.
We recommend re-entering a long EUR/GBP position at GBP0.8375, looking for a return to 0.8600.
Our short AUD/CAD entry point at 1.0550 was missed by a very frustrating 30 pips. We are neutral at current levels but would look to idiosyncratic CAD weakness as an opportunity to get short AUD/CAD.
We have further scaled up our forecast for NZD appreciation and enter a short AUD/NZD trade targeting 1.18."