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MUFG trade of the week: Staying long EUR/USD and long AUD/NZD

MUFG maintains a long EUR/USD position to its TOTW portfolio (spot ref: 1.0920), with a target at 1.1320, and a stop at 1.0620. MUFG also maintains a long AUD/NZD position targeting a move towards 1.1200, with a stop at 1.0700. "We are maintaining a long EUR/USD trade idea. The pair retested the top of this year's trading range between 1.0500 and 1.1000, and we expect the pair to move closer to the year to date high from April at just below the 1.1100-level," MUFG notes. "We are maintaini... Read More

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Staying

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Eur usd

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Forex

Posted: Jun 23 2023, 18:59

Author Name: forexlive

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