Apart from me that is…
Just been passed this from an old colleague, (well he’s not that old…)
Morgan Stanley who remain medium-term bears are expressing caution on initiating new shorts on the AUD/USD at the current levels. They believe risk/reward favours being long in the short term and see 1.0320/30 as the first major resistance, with a break there opening the way up to 1.0390 and possibly even 1.0600. They would place a tight stop loss on the downside through 1.0140
AUD/USD’s currently sitting around 1.0235
