6 May 2015
AUD/CAD: A box of chocolates - TDS
FXStreet (Guatemala) - Analysts at TD Securities joked and said that AUD/CAD continues to look like a box of chocolates, you never quite know what you are going to get.
Key Quotes:
"The AUD managed to finish the day strongly yesterday after al, forming a bullish outside range day in the process. Coming after a period of flattish, sideways range trade, we are not convinced that the signal means all that much at this point."
"A push through 0.9650/65 (neckline of a possible inverse H&S low and the recent peak, respectively) would be more convincing. We have favoured a downside resolution to the recent chop but our concession that gains through 0.9600/50 would be positive is being tested."
Key Quotes:
"The AUD managed to finish the day strongly yesterday after al, forming a bullish outside range day in the process. Coming after a period of flattish, sideways range trade, we are not convinced that the signal means all that much at this point."
"A push through 0.9650/65 (neckline of a possible inverse H&S low and the recent peak, respectively) would be more convincing. We have favoured a downside resolution to the recent chop but our concession that gains through 0.9600/50 would be positive is being tested."