By eFXdata — Mar 09 - 03:00 PM
Credit Suisse shifts its bias on AUD from bullish to neutral after stopping out of long AUD/NZD exposure.
"The RBA’s decision to walk back its hawkish shift points to credibility issues ahead: we now drop our bullish AUD bias and target AUDUSD 0.6400 by end Q1," CS notes.
"Our long AUDNZD position was stopped out: we would not look to go long again until below 1.0600," CS adds.
Source:
Credit Suisse Research/Market Commentary