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Westpac Issue New AUD/USD Trade Recommendation

AUD
  • Long at 0.7750 to target 0.8150, with a stop at 0.7650.
  • Westpac see the very modest tightening in financial conditions as not damaging the strong economic recovery through this year.
  • As such, strong industrial metals prices and Australian dividend season should prove supportive.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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