Morgan Stanley have just put out a long AUD/USD trade recommendation on the basis that the AUD is the most likely G10 currency to have a risk rally.
They’re calling for a break higher through 1.0415 with a target of 1.0650 and a sell stop of 1.0250.
For the curious the 200 day MA is at 1.0412. Think i’d like to see a clean break through there first before going long
