29.2 C
Munich
Saturday, June 19, 2021

TD trade of the week: Buy AUD/CAD

Must read


Trade idea from TD

Trade idea from TD

It’s not the most-exciting pair but TD says buying AUD/CAD is its weekly best FX trade.

The pair is trading at 0.9485. They recommend buying it with a target of 0.9740 and a stop at 0.9430.

“Against a backdrop of renewed reason for a prolonged dovish Fed, a constructive technical breakout and commodity backdrop, we lean long AUD/CAD in our trade of the week,” they write.

Invest in yourself. See our forex education hub.



Source link

- Advertisement -spot_img

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -spot_img

Latest article