USD Trading Outlook (15-05-2014)

The Australian Dollar (AUD): The pair made two attempts in early Europe session to run stops above 0.9410 but failed and slid back towards 0.9385 as NY started. Bulls started to lose hope as USD slide lost steam. The AUD then slid from NY high of 0.9407, broke the s-t support & traded near 0.9365 before bouncing back to 0.9380 where it sat late in the day to leave it up near 0.25% on the day.

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