National Bank of Australia - Key Trade Ideas:
We have closed our long EUR/GBP position recommended at 0.7905 when it
reached 0.8050. We’d look to buy this cross again at 0.8005.
We remain long EUR/CHF from 1.2030 and now target a move to 1.30 by year end as EUR tail risk falls substantially.
Our short AUD/NZD view from 1.30 remains, with 1.22 an end 2012 target.