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AUD/CAD unable to hold above 0.94 demand

FXstreet.com (Barcelona) – The AUD/CAD foreign exchange cross rate is last quoted near session highs at 0.9394 mostly on the back of Aussie strenght ahead of Capex data at 01:30 GMT, off early NY session fresh 3-week lows at 0.9328.

AUD/CAD targets a retest of previous lows

“We have been skeptical about the AUD’s ability to rally significantly in the recent past and the turn lower from resistance in the mid 0.95 area in the past week reaffirms our concerns that the market is not yet done with exploring downside potential in this market,” said the TD Securities Toronto based FX …read more