The Australian dollar is the best performer today and UBS expects more of the same. They recommend longs on a close above 0.8975 (spot at 0.8989). Their target is 0.9330 with a stop at 0.8865.
I hemmed and hawed about an Australian dollar long yesterday and didn’t pull the trigger but I still like the trade. After three days of gains, I’m going to be patient.
