USD Trading Outlook (21-01-2015)

AUD/USD Action was a bit limited for the pair but AUD/USD did have a bearish tint to it for Europe & NY. The pair slid from 0.8218 in Europe’s morning towards 0.8205 as NY got going. Bear pressure remained in NY for the most part as broad USD strength permeated the markets. AUD/USD dipped below 0.8170 in NY and remained there late in the session. Further losses might have been recorded were it now for AUD/NZD’s break above 1.0650 to a new trend high. Oz January consumer sentiment data is due later. The prior reading was -5.7. A deterioration of the previous data may see AUD/USD come under further pressure and possibly break support at the January 15 low.