National Australia Bank - "Key trade ideas
We entered a short AUD/GBP trade on the break of 0.6400 looking to see 0.6200 before end-November. We’ll protect this with a no-loss stop at the entry point.
We buy EUR/USD on the Monday morning pullback @1.2900. Our target is a fresh high above 1.3172. Mindful of the 200 day moving average at 1.2825 and the recent intra-day low of 1.2804, our stop is 1.2775.
Look to buy EUR/GBP after Q3 GDP figures are published. We’ll update with levels in our dailies.
We’ve been short AUD/NZD from 1.3000 with a 1.2200 target but now set a trailing stop at 1.2600.
We remain long EUR/CHF from 1.2030 and still target a medium-term move to 1.30."