USD Trading Outlook (26-04-2013)
The important levels in the AUD/USD which we mentioned yesterday, 1.0220 on the downside and 1.0360 on the top, are both still relevant with the market failing to get within 20 pips of either. The main mover overnight was the GBP and the much better than expected GDP data might go some ways to shifting the bearish sentiment towards sterling. Nothing much is expected of this afternoon’s BOJ statement but there is always a risk of course.
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