USD Trading Outlook (20-03-2014)
The Australian Dollar (AUD): The pair initially played in a tight range above 0.9100. The hawkish FOMC statement pushed the AUD down to 0.9060/65 support, bears continued jumping in on a strong USD basis and pushed the pair to a low of 0.9020. No major Oz data coming out this week, however, if U.S home sales and unemployment claim comes in strong tonight, AUD could test the 0.8990/90 level.
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