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🔺 $AUD Dip Bought

  • We are long AUD from 0.7190, with a stop on a close below 0.7150, targeting a move towards 0.75/0.76 through Q3 and into the end of the year: Westpac Strategy

  • We will consider buying NZD/USD on any pullback to 0.6775: Westpac Strategy

  • On Tuesday, the Westpac desk sent out an entry note buying the dip on AUD/USD. The note is easily read as if the call had a low conviction, given that we had VIX readings above 30.0 and ongoing geopolitical tensions. However, long AUD/USD has outperformed and tracks a +190pip move over the last two sessions



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