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.