IntradayFXView

Intraday FX View FX & Precious Metals Trading | 10 August 2026

This publication was prepared by Bank J Safra Sarasin (BJSS) Trading department. The views or ideas expressed herein are those of the desk and/or the author only. The publication cannot be considered as investment research or a research recommendation for regulatory purposes. Please find further impo rtant information at the end of this document.

EUR/USD (1.1560) Friday’s weak US payrolls reduced risk of near-term FED hike with focus now on US CPI releases this Wednesday fol- lowed by US PPI this Thursday. Oil slightly higher with no big news from SoH over the weekend and USD slightly stronger vs close last Friday. EUR/USD short term support at 1.1500 followed by 1.1480. Short term re sistance at 1.1581 which was high last Friday followed by 200 DMA which lies at 1.1630.

USD/CHF (0.8072) Swiss producer & import prices for July will be released this Thursday. EUR/CHF trading around 0.9350 with resistance at 0.9372 and short term support at 0.9330. USD/CHF support at 0.8062 where 50 DMA comes in, resistance at 0.8136 which was high last week followed by important 0.8200 zone. We still like using CHF as the funder currency for carry trades.

GBP/USD (1.3495) British GDP will be released this Thursday with expectations of +0.4% QoQ and +1.1% YoY. EUR/GBP trading close to short term support at 0.8560 and any break would call for August 2026 low at 0.8544. Resistance at 0.8580. GBP/USD short term resistance at 1.3509 followed by daily at 1.3550. Support at 1.3434 which was low last Friday followed by daily at 1.3400. We keep neutral on sterling today.

USD/JPY (158.48) USD/JPY recovered above 158 after low last Friday post NFP at 156.68. Japan trade balance for June released this morning came much lower than expected. Japan PPI will be released this Thursday. BOJ minutes from last meeting points to further rate hikes as inflation nears 2%. Short term resistance at 158.60 which was highest level until now after last currency interventions. We keep topside bias in JPY from here waiting on addition al official actions in coming days.

AUD/USD (0.7070) RBA meeting tomorrow with markets expecting a hold at 4.35%. Short term resistance AUD/USD today at 0.7078 which was high last Friday, followed by daily in 0.7080-90 zone. Short term support at 0.7053 which is session low followed by daily at 0.7023. We keep topside bias in AUD/USD.

USD/CAD (1.3943) CAD stronger after employment figures for July released last Friday where unemployment rate moved down 0.1% to 6.4% and net change in employment was much stronger than expected. Short term support at 1.3926 which was low last Friday followed by 100 DMA at 1.3916. Resistance short term at 1.3991. Neutral for today.

Important Information This publication has been prepared by Bank J. Safra Sarasin Ltd (the “Bank”) for information purposes only. It is not the result of financial research conducted. Therefore, the “Directives on the Independence of Financial Research” of the Swiss Bankers Association do not apply to this publication. Any views, opinions and commentaries in this publication (together the “Views”) are the Views of the authors and may deviate from those other departments within the Bank. The Bank may make investment decisions or take proprietary positions that are inconsistent with the Views expressed herein. It may also provide advisory or other services to companies mentioned in this publication resulting in a conflict of interest that could affect the Bank’s objectivity. While the Bank has taken steps to avoid or disclose such conflicts, it cannot make any representation in such regard. The Views contained in this publication are as per the date of writing and may be subject to change without notice. This publication is based on publicly available information and data (the “Information”) believed to be correct, accurate and complete. The Bank has not verified and is unable to guarantee the accuracy and completeness of the Information contained herein. Possible errors or incomplete- ness of the Information do not constitute legal grounds for liability, either with regard to direct, indirect or consequential damages. In…