-3.8 C
Munich

MUFG trade of the coming week: Sell AUD/NZD

Must read


Trade idea from Mitsubishi UFJ

Trade idea from Mitsubishi UFJ

Consider selling AUD/NZD this week, suggests MUFG Research.

From a spot reference level of 1.0565, they have a target of 1.0250 and a stop at 1.0750.

“We are recommending a new short AUD/NZD trade idea. Australia has been hit harder by renewed covid disruptions which will encourage wider policy divergence between the RBA and RBNZ,” they note.

Invest in yourself. See our forex education hub.



Source link

- Advertisement -spot_img

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -spot_img

Latest article