Forex News
Back
May 7, 2013
Forex Flash: AUD/CAD squeeze higher remains - TDS
FXstreet.com (Barcelona) - Moments ahead of key RBA interest rate statement today at 04:30 GMT, “We still think the market formed a major short-term low/reversal (strong, bullish “morning star” reversal) last week” on AUD/CAD, the Toronto based FX Research Team at TD Securities said, adding: “and while the 1.0307 low point remains intact, the risk of a squeeze higher remains,” the analyst conclude.