AUD/USD: Bears target 0.7170 this week – Barclays

In the view of the Barclays Research Team, the AUD/USD pair remains vulnerable this week amid resurfacing trade concerns.

Key Quotes:

“Short AUD/USD with a target at 0.7170 and a stop loss at 0.7390.

Federal Reserve and RBA rhetoric is likely to add to rate differential divergence this week.

And the AUD remains exposed to any re-emergence in trade concerns and further deterioration in sentiment.”