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CITI trade of the week is to sell AUDUSD at...>

FOREX
FOREX: CITI trade of the week is to sell AUDUSD at $0.7097, target $0.6915, stop
loss at $0.7175. Citi add, AUD is likely to be vulnerable to regional strains.
The ongoing rise in USDCNH and decline in Chinese equities signals downside for
AUD since these developments could fuel broad USD-positive risk-reduction, proxy
selling of AUD and, insomuch as they are symptomatic of the underlying slowdown
in China, could be associated with declines in commodities prices.

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