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Morgan Stanley: sell AUD/USD on rallies

Trade signal: SELL LIMIT from 0.9230, TAKE PROFIT 0.8900, STOP LOSS 0.9410

Strategists at Morgan Stanley recommend selling AUD/USD on rallies to the 0.9230 area. They point that the recent break below the 200-day MA generated a renewed selling signal, but the pair is overbought right now. 

Chart. Daily AUD/USD

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