HSBC this time, with a recommendation to short AUD/CAD at 1.0288 for 1.0050. Stops loss at 1.0410.
This is based on the CAD being better equipped to out-perform the AUD on the back of a US recovery.
The RBA announcement today which hinted strongly at an RBA cut in May of around 25bps .. makes sense to me
AUD/CAD’s at 1.0286
