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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="https://plus.efxdata.com/ad/track/4655172E54F06040571CD0AB083845AD" rel="nofollow" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://plus.efxdata.com/ad/track/4655172E54F06040571CD0AB083845AD&source=gmail&ust=1665251784626000&usg=AOvVaw3Tfgt75zx8bx-c6hS84VNj">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="https://plus.efxdata.com/ad/track/4655172E54F06040571CD0AB083845AD" rel="nofollow" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://plus.efxdata.com/ad/track/4655172E54F06040571CD0AB083845AD&source=gmail&ust=1665251784626000&usg=AOvVaw3Tfgt75zx8bx-c6hS84VNj">Get it here</a>.

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                This article was written by Adam Button at forexlive.com.

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

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