Trade idea from Mitsubishi UFJ
Consider selling AUD/NZD this week, suggests MUFG Research.
From a spot reference level of 1.0565, they have a target of 1.0250 and a stop at 1.0750.
"We are recommending a new short AUD/NZD trade idea. Australia has been hit harder by renewed covid disruptions which will encourage wider policy divergence between the RBA and RBNZ," they note.
For bank trade ideas, check out eFX Plus.
