Last week we brought you a business idea from MUFG that aimed to sell Australian dollars. They recommend selling the pair at 0.6 00, with a target price of 0.6050 and a close at 0.6650. „We maintain our short AUD/USD trade idea. We still expect the USD to strengthen in the near term as global financial conditions continue to tighten. The much stronger than expected US CPI report in September confirmed our view that it is premature. wait for the Fed change,” notes MUFG. „We expect AUD/USD to fall back to the 0.6000 level and closer to the March 2020 COVID lows,” they write. For banking business ideas see eFX Plus. You can get a limited time 7-day free trial, the basic version for $79 per month, and the premium version for $109 per month. Bring it here.