EUR/USD, GBP/USD, NZD/USD: UBS's short-term recommendations

Below are UBS bank's short-term forex forecasts:

EUR/USD: We prefer to sell but we'll only enter into the game at extreme price levels. Bet when there are 50-60 pips movements in either direction with a stop loss below 1.0730 and above 1.0920.

GBP/USD: The cable trade above 1.48 yesterday but we did not stay there very long. The cross then fell aggressively. We prefer selling rallies around 0.72-0.7250 with a stop loss above 0.7350, with 0.71 in sight.

NZD /USD: The cross remains soft, in line with the widespread support for the dollar earlier this year. We continue to sell rallies with 0.66 as a target. Keep a stop loss above 0.69.