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Sep 01 - 12:55 PM

EUR/USD, GBP/USD: Staying Bullish Through Q3; AUD/NZD: Staying Bullish On Relative Value Basis - Citi

By eFXdata  —  Sep 01 - 10:45 AM

Citi stays bullish on EUR, and GBP in Q3. Citi also remains bullish on AUD/NZD on relative value basis. 

"Monday brought a notable close above the key 1.1915 area noted by CitiFX Technicals last week in EURUSD. Ahead, good resistance is seen at 1.2070-1.2100 and ultimately 1.25+...As with EUR, CitiFX Strategy remains bullish in Q3. Looking at levels, 1.3514 is the December 2019 high," Citi  notes.

"In RV space, CitiFX Strategy still remains bullish AUDNZD on policy divergence and current account dynamics," Citi adds. 

Source:
Citi Research/Market Commentary

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