TD trade of the week: Buy AUD/CAD – ForexLive

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.

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