AUD/USD: We recommend selling in the 0.6800-0.6850 – ANZ zone

ANZ Research likes to sell AUD/USD in a rally through the 0.6800-0.6850 area.

“USD weakness pulled the AUD higher at the start of the week and it has since consolidated around the 0.67 level,” ANZ notes.

“Overall, we believe the upside remains limited by structural factors (decelerating liquidity and growth conditions) but improving sentiment could persist through year end and see the AUD challenge 0.68-0.6850. We recommend selling at such a level,“notes the ANZ.

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