BUY - Australian Dollar (FXUKCL) leveraged Citi warrant
*** GENERAL AVICE ONLY***
Trade Date: 06/11/2023
Recommendation
Entry price: $6.05 (0.6510 equivalent)
Target Price: $7.05 (0.6610 equivalent) +16.5%
Stop Loss: $5.55 (0.6460 equivalent) -8.25%
Rationale
With the Fed cooling its hawkish rate talk and the RBA looking likely to hike rates tomorrow, we are looking for the AUD to bounce from 52-week lows. Additionally the recent stimulus from China should see underlying demand for Australian commodities, supporting the currency
Disclaimer: The recommendation given is general advice only. It does not take into account your personal objectives, financial situation, or specific needs. This information should not be your sole resource when making such decisions. We strongly recommend you to seek the advice of financial, taxation, and legal professionals before finalising any investment decisions.