AUD/USD is a sell medium term - BAML

FXStreet (Guatemala) - Adarsh Sinha, analyst at Bank of America Merrill Lynch suggested AUD/USD is a sell medium term.

"We believe policy divergence remains a major negative for the AUD despite the limited follow-through last week."

"The AUD stands out as the most vulnerable currency to the risk of sizeable CNY depreciation, in our view."

"The medium-term rationale for being short AUD/USD remains compelling: we stay short and recommend selling rallies above 0.80."