AUD/USD trade recommendation

Good morning all,

Apparently Morgan Stanley has issued a trade recommendation in the AUD/USD, shorting the pair at 1.0570 with a target of 1.0150. Stop loss is set at 1.0670

AUD has bids 1.0500/20 from a bunch of names including some sovereign interest, but there are also offers up at 1.0555/65 from macro names and more up at 1.0570/80. Sell stops are positioned on a break of 1.0500.

Tech wise the 55 day MA is at 1.0547, and major support is down at the 200 MA at 1.0406