ANZ: sell AUD on rallies
According to strategists at ANZ, the downtrend in AUD/USD persists. They recommend using the current rally as a selling opportunity
Analysts concede another squeeze into the $0.9250-0.9300 area, but expect the upside to be capped here. "Any slip below $0.8925 could undermine upside potential again, leaving AUD at risk of an early slide", they say.
Chart. H4 AUD/USD