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Citi's trade of the week recommends..........>

AUSSIE
AUSSIE: Citi's trade of the week recommends selling AUD/USD at $0.7054,
targeting $0.6875 with a stop at $0.7150.
Citi cite:
-The rise in US yields is likely to fuel USD appreciation
-USD long positioning among short-term investors is far from stretched and
increased participation in buying could add to USD upside
-China's RRR cut does not appear to have stabilized sentiment
-The bar to improvement in sentiment may now be higher and any further currency
depreciation could send a direct signal for a higher USD
-AUD may be acutely vulnerable given its status as a regional proxy

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