USD Trading Outlook (30-07-2013)
I’ve been trying to pick a bottom in the AUD/USD for some weeks now and I thought that yesterday was its best chance of launching a test of .9350. The fact that this couldn’t eventuate despite the good climate has me a bit worried that the bear trend is about to re-emerge. RBA Governor Stevens will be speaking around lunchtime today, and that looks to be the main risk on the economic calendar.
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