Monday, 17 September 2012

Morgan Stanley Long AUD/USD On Dip To 1.0520


Morgan Stanley gets long AUD/USD on a dip to 1.0520 , lthough the bank sees risk that the upside momentum is waning. Now at 1.0530, it has an upside target of 1.07, but says would switch to bearish in this area especially as concerns regarding the Chinese growth outlook appear to be increasing.                

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