USD Trading Outlook (22-04-2015)
AUD/USD
• Losses post-RBA minutes erode in Europe after limited break of 200-HMA
• Short covering lift has pair near 0.7720 into NY open
• JPY weakness lifts AUD/JPY ~92.65, AUD/USD follows, tests 0.7760 res
• Upped risk sentiment aids lift, gains can’t hold, stock slips & US yields rise
• Pair slips and threatens 200-HMA late in the day
• Oz Q1 CPI to garner all attention in Asia, above f/c data should lift AUD