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CIBC's model-based rules have flagged up.....>

AUSSIE
AUSSIE: CIBC's model-based rules have flagged up short AUD/USD.
- CIBC note "the model has been pro-risk since late January, but has found a
near-term opportunity to short AUD/USD. We are targeting the 0.7103 level over
the next few days. The 1M z-score of 2.1 exceeds the minimum acceptable
threshold needed for mean-reversion."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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