The following are UBS’ latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, AUD/USD, NZD/USD, and USD/CAD.

EUR/USD: We prefer playing the pair from the short side, but there remains no clear direction for the moment.

USD/JPY, EUR/JPY: Look to buy USD/JPY pair ahead of 121.00 and buy EURJPY at 131.30/40, with a stop below 130.80. USDJPY support at 120.90, 120.61 and 120.31; resistance at 121.50, 121.70/80 and 122.30. The big level on the topside for EURJPY is 132.25.

AUD/USD: After topping at 0.7150 last week, the pair has corrected back to 0.7050. With central banks still very accommodative, we prefer buying on dips between 0.7000 and 0.7050, with a stop below 0.6950, targeting 0.7200 .The RBA meets tomorrow and is expected to leave the OCR unchanged at 2%. There is a risk for a dovish tone from the RBA, in line with recent comments from other central banks, and this seems to be the reason why AUDUSD hasn’t benefitted more from the BoJ’s move on Friday.

NZD/USD: is sitting in the middle of its recent range of 0.6350-0.6600. We prefer buying on dips, with a stop through 0.6340, targeting a test of the upper end of the range.

USD/CAD: price action remains very whippy, as liquidity is still pretty thin. In this kind of market it is key to pick your levels instead of chasing and playing break outs. Overall, sentiment remains to the downside and we would look to fade rallies towards 1.4150, with a stop through 1.4225, targeting a test of 1.3950. Unemployment data on Friday is the main data highlight this week.

This article originally appeared at eFXnews.