Westpac Strategy adjusted its AUD/USD call to 0.7650/0.7800 from prev. 0.7550/60, marks up trailing stop. Given our RBA call that "patient" would remain in the policy statement, we tended to see the 0.7550/60 level marking a near term top, but we were still targeting an eventual move to 0.76/0.78 through the second half of the year, so we have simply marked up a trailing stop on that recommendation. - Westpac Strategy
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