USD Trading Outlook (06-03-2014)

The Australian Dollar (AUD): The pair was lifted from near 0.8955 towards 0.8980 in Europe. Early dip was bought in NY session as ADP data was released below the forecast and prior releases were revised lower, pushed the AUD to a high of 0.8993. Retail sales and Trade balance will be released at 00:30GMT, a better than expected data would test the pair to go on a break of current resistance of 0.9000/10.

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