USD Trading Outlook (25-11-2013)
I totally misjudged the strength of the AUD sell-off on the crosses and technical support levels in AUD/USD were unable to hold. There is no point in getting in the way of this sort of momentum and the AUD looks set for further losses, especially against the GBP. The economic calendar is pretty bare until RBA deputy governor Lowe speaks later today. Verbal intervention has been very effective for the RBA in recent weeks so we can expect more of the same today.
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