USD Trading Outlook (30-04-2015)
AUD/USD
Consolidation of gains persisted in Europe’s morning, NY opens ~0.7985
Bulls take control early, USD weakness emerges & commodities rally
US GDP miss aids pairs lift to new trend high of 0.8077
Action settles pre-Fed, slightly hawkish tip slips AUD/USD toward 0.8010
Fed message doesn’t deter USD bears, pair lifts ~0.8050 late in day
Monthly RSI and AU-US yield spreads suggest higher level ahead