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

AUSSIE
AUSSIE: Citi's trade of the week recommends a short AUD/NZD position at
NZ$1.0892, targeting NZ$ 1.0650 with a stop at NZ$1.1010. Citi write that recent
AUD/NZD strength is a poor reflection of risks stemming from a softening of
Chinese economic activity. Positioning further suggests that the path of least
resistance on a bout of risk reduction points to a lower AUD/NZD. Citi conclude
that weakness in Australian CPI tomorrow could be the catalyst to prompt the
cross to shift lower.

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