Feb 20, 2013
Forex Flash: AUD/CAD pausing ahead of next leg higher – TD Securities
TD Securities analysts see the AUD/CAD market pausing ahead of the next leg higher after the sharp rise earlier in the week. "The AUD/CAD is finding good support intraday in the upper 1.04 area and gains through 1.0485 area over the balance of the session would point to a rally extension", wrote analysts Shaun Osborne and Greg Moore. "We still rather think the AUD looks a little rich as it gets closer to the 1.06/1.07 area but that will not necessarily preclude further gains in the short run", they added.