INSTITUTIONAL TRADE: Long AUDUSD - Morgan Stanley

4/21/2020 08:42:00 PM
Morgan Stanley Bank has placed an order to go long AUDUSD

Details:
Entry: 0.6150
Target: 0.6500
Stop Loss: 0.5900

Reason:
Aggressive Fed is comfortable contrasting with any RBA whose simplicity has reached its natural limits. We see the AUD as having the opportunity to establish heavy interconnection with Asia, which may arise in the emerging demand for growth. On the other hand, U.S. growth may be disappointing, presenting the U.S. as a less attractive investment destination, especially as it may lose its yield advantage.
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