💱🔺 Entered Long AUD/USD, Target 0.700: TD Strategy

• Entered long AUD/USD with a target of 0.700, expected to hold this view 1-2 months

• China reopening to benefit AUD, additional support if U.S. data continues to slow relative to RoW

• The softer than expected U.S. inflation print helps avoid risks of a USD consolidation into the May Fed meeting

- TD Strategy