USD Trading Outlook (04-05-2015)

AUD/USD
• Upped chances of RBA cut next week kept rallies tempered in Europe
• NY applies bear pressure early even after ISM & TR/U. Mich data miss
• UST yields rally and USD follows, AUD/USD clears 200-HMA
• Slide accelerates & 0.7800 neared, p/t bounce sees ~0.7840 late in day
• RBA main risk next week, if no cut big short squeeze likely

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