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Apr 07 - 10:55 AM

AUD/USD: Dips Below 0.7500 A Buy - Credit Suisse

By eFXdata  —  Apr 07 - 09:47 AM

Credit Suisse discusses AUD/USD outlook and likes buying dips below 0.7500. 

"The RBA appears to have finally signalled a shift away from its very dovish policy stance in its 5 Apr rate decision, validating long-standing priced-in expectations," CS notes.

"We have been bullish AUD and welcome this development. But for now, we do not change our 0.7620 AUDUSD target, as we see higher risk of data disappointment and a less supportive positioning picture ahead. We favour buying dips below 0.7500," CS adds. 

Source:
Credit Suisse Research/Market Commentary

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