AUD/USD: TDS warns of risks
Analysts at TDS suspect that the Reserve Bank of Australia is implicitly targeting $0.9000 level. However, the specialists remind that net AUD shorts reached an unprecedented 63.2K last week, so there’s a big risk of a short squeeze if the initial enthusiasm of the AUD/USD bears on the news of the Fed’s potential QE tapering starts to fade. Still the specialists don’t recommend buying the AUD/USD either.
Chart. Daily AUD/USD