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USD Trading Outlook (27-03-2014)

The Australian Dollar (AUD): The pair rallied higher after Governor Steven’s speech in Hong Kong on the economy outlook. Bulls continued to push in NY session to a high of 0.9245. No further gains were seen as 0.9250 barrier holds and yen crosses weakness caused AUD/JPY drop towards 93.95/00 support, making a slight drop in the AUD to 0.9220 area. Little data is due for the Oz or Asia region so movements in AUD could be limited.

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