Currency Analyst since 2010

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

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