Morgan Stanley Bank has placed an order to go long AUDUSD
Stop Loss: 0.5900
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.