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MUFG trade of the week: Sell AUD/USD

Started by forex4you, Oct 08, 2022, 09:56 am

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MUFG trade of the week: Sell AUD/USD

<p>MUFG Research is out with its latest trade of the week report and they say it's time to sell AUD/USD.</p><p>The recommend selling the pair at 0.6400 with a target of 0.6050 and a stop at 0.6650.</p><p>"We are recommending a new short AUD/USD trade idea. We expect the USD to strengthen further in the near-term as global financial conditions continue to tighten. We still believe it is premature to expect a dovish Fed policy pivot," they write.</p><p>For bank trade ideas, <a href="" rel="nofollow" target="_blank" data-saferedirecturl="">check out eFX Plus</a>. For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. <a href="" rel="nofollow" target="_blank" data-saferedirecturl="">Get it here</a>.


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Source: MUFG trade of the week: Sell AUD/USD
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