AUD/USD: NAB recommends selling in the event of rise above 0.73 in the aftermath of FOMC meeting

The NAB bank recommends selling the AUD/USD if the pair rises above 0.73 with a target at 0.70.

"The highest levels recently observed on the AUD/USD can be justified by the return of volatility since September and a decline in relation to expectations regarding the RBA as the latest statistics show improvement in the mining sector.

We will take advantage of any post-FOMC rebound of the AUD/USD again to short the pair," says the NAB bank.