AUD/USD (Morgan Stanley) : The Aussie is offering a trading opportunity on the Forex




Morgan Stanley is a trading opportunity on the Forex pair AUD/USD.

«We expect that the appetite for risk remains firm and that the USD remains low, which should allow AUD/USD to bounce back this week.

The rate US 10-year has dropped since the peak of 2.36%, and if the decline continues following the low CPI of Friday, this may further support the decline of USD.

The main reason that leaves the RBA dovish is the low wage growth, any surprise rise in employment data this week could strengthen the AUD.

The main risk to this trade is the positioning already a buyer of the AUD, which makes it more sensitive to shocks. «



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