USD Trading Outlook (30-04-2014)

The Australian Dollar (AUD): A test of 0.9205/25 support failed overnight, bears started to worry and took some early profits. Europe session came in, saw this as an opportunity and lifted the pair to near 0.9260-70 area. However, no further gains were seen as bears jumped in again and AUD/JPY was unable to break above the 200 HMA. With no data due from Oz, the market looks to the EZ CPI, FOMC and China PMI data.

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