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Mar 09 - 06:55 PM

AUD: We Now Drop Our Bullish AUD Bia; Stopped Out Of Long AUD/NZD - Credit Suisse

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. 

Credit Suisse Research/Market Commentary


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