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USD Trading Outlook (09-04-2014)

The Australian Dollar (AUD): AUD ignored the JPY strength throughout Europe and NY session. The pair remained bid as USD was generally soft and emerging currencies maintained their upward tone. AUD/USD pushed from near 0.9290 towards 0.9340, a slight pulled back and dip was bought again in NY, cracking the 0.9350 resistance and stops were run to a high of 0.9360. April Westpac consumer confidence index & change data are due later. Solid readings likely keep bulls in charge.

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