Dow Jones reporting that US investment bank Morgan Stanley are opining it’s time to sell AUD and NZD again. They advise placing stops above 1.0600 and .8420 respectively.
The bank says “as equity markets roll-over, we will see high-beta currencies coming under selling pressure. Within the G10 AUD and NZD fall into the high-beta category.”
AUD/USD sits at 1.0470 and NZD/USD at .8285, both easier since I sat down.
Maybe the Morgan Stanley advice at play?
