USD Trading Outlook (27-04-2015)
AUD/USD
• Bear pressure applied in Europe’s morning, NY opens near 0.7765/70 supt
• Dip bought as USD and US yields sink on soft durable goods data
• Lifts in iron-ore, copper & rebar aid a steady lift in NY hours
• Key 0.7840/50 tested again but holds, little pullback from day’s high though
• Only light Oz data next week, Stevens speak April 28 in Sydney