USD Trading Outlook (11-04-2014)
The Australian Dollar (AUD): Europe session tested and pierced the last November high of 0.9448. The pair then drifted a bit lower to near 0.9435 as USD/JPY made a run towards 102 after better than f/c unemployment claim. The pair tested the hourly support but USD bears emerged across the board at that point. The AUD therefore, rebounded back above 0.9420 and spent most of the session around there. China March inflation data is due later, A soft result may see more AUD longs unwind.
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