28 Oct 2013
Flash: AUD/CAD pressing higher - TD Securities
FXstreet.com (London) - Research teams at TD Securities noted AUD/CAD continues to press higher.
Key Quotes:
“Gains through the 200-day MA have been marginal but, if sustained through the close of the week, would be supportive of an extension of this bull run”.
“We noted earlier this week that the 200-day (0.9998) was converging with the 200-week MA (1.0016), to produce a strong barrier around the par zone”.
“Strong trend momentum (strengthening on the weekly studies now as well) suggest that the cross has a good chance of moving up to 1.0350”.
Key Quotes:
“Gains through the 200-day MA have been marginal but, if sustained through the close of the week, would be supportive of an extension of this bull run”.
“We noted earlier this week that the 200-day (0.9998) was converging with the 200-week MA (1.0016), to produce a strong barrier around the par zone”.
“Strong trend momentum (strengthening on the weekly studies now as well) suggest that the cross has a good chance of moving up to 1.0350”.