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