USD Trading Outlook (24-02-2014)
The Australian Dollar (AUD): The pair slid back down below 0.90 in NY’s open on concerns of a spike higher in USD/CNH. As USD started to strengthen against most currencies which added extra weight on the AUD reflecting the weak data shown from last week. Overall sentiment is now slowly forming on the downside, however, a break of 0.8920 is still needed for it to confirm.
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