BofA: buy AUD/USD
Analysts at Bank of Ameria Merill Lynch entered a long AUD/USD position from $0.8990, with a stop at $0.8930, and a target at $0.9269.
"Further supportive of the bullish view is the potential for a short squeeze, as positioning remains at bearish extremes. Pullbacks should not break $0.8936 and can’t close below the 50-day at $0.8903," analysts add.
Chart. Daily AUD/USD