MUFG’s ToTW Portfolio Includes Strong EUR/USD and AUD/NZD Positions

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The ToTW portfolio of MUFG now includes a significant EUR/USD position purchased at a spot reference of 1.0920, aiming for a target price of 1.1320, and a stop price of 1.0620.

MUFG suggests a fresh long trade proposal for the EUR/USD. The pair has witnessed a surge in upward momentum during the recent week, and there is potential for the recovery to continue to reach new highs for the year, surpassing the April peak located slightly below 1.1100.

MUFG has a positive stance on the AUD/NZD and intends to hold onto this position with the goal of reaching 1.1200. The position has a safeguard at 1.0700.

According to MUFG, we will continue with our long AUD/NZD trade proposal because we anticipate that the RBA and RBNZ will soon reduce their policy gap.

If you’re interested in suggested trades from banks, take a look at eFX Plus. You can test it out for free for a week, and there are two different pricing options available: Basic for $79 each month, or Premium for $109 per month. Click the link to sign up.

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