The Australian Dollar (AUD) tested the 1.0500 barrier before reversing hard in the US session on the Japan news but is well supported on dips and further gains are likely in coming session after very strong jobs data. March Employment change +37k vs. +22k forecast. Overall the AUD/USD traded with a low of 1.0410 and a high of 1.0510 before closing the day at 1.0465 in the New York session.
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