UBS: sell AUD/USD
AUD/USD extends the downside on Wednesday, testing the levels below the yesterday’s support at $0.9030.
UBS recommends selling AUD/USD on a daily close below $0.9040, targeting $0.8550 and with stop initially placed at $0.9250. They point that the bearish pressure persists below the key resistance of $0.9210.
Chart. Daily AUD/USD