USD Trading Outlook (17-04-2015)
AUD/USD
• Europe buys dip down to 0.7730/35 pair lifts near 0.7780 into NY open
• Early NY sees dip near 0.7755 but dip bought on worse than f/c claims
• Firm commodities & soft USD sees stead rise, 0.7800 tested several times
• Level finally breaks in afternoon on some dovish Fed comments
• 0.7835 next resistance, break opens door to March high
• US March CPI & consumer sentiment data the next data risks