AUD trade recommendation (long) - target & stop loss

I posted earlier on NAB on the Australian and New Zealand dollars:

• 5 reasons to expect a good July for AUD and NZD

Société Générale cite similar reasons for like the AUD/USD. they recommend long at

0.7020

• target 0.73
• stop 0.6950

Reasoning:

• 10-year relative yields have likely based out
• at least temporary relief from US-China trade tensions
• less bearish CNH (ie better for the AUD)
• AUD short covering still to come

AUD daily: