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AUD/CAD strong selling keeps the cross capped below 0.95

FXstreet.com (Barcelona) – The AUD/CAD foreign exchange cross rate is last quoted near session lows at 0.9460 marginally lower for the week so far, mostly on the back of Aussie recent weakness.

AUD/CAD bullish signal remains elusive

“AUD/CAD retains a slightly better bid undertone but a definitively bullish signal remains elusive here,” said the TD Securities Toronto based FX Research Team, adding: “Intraday, the AUD looks to be making a little more headway through the 40-day MA—a positive—but that follows a bearish candle signal Friday (“gravestone doji”) and what still looks to be firm resistance in the mid/upper 0.95 area. The …read more