USD Trading Outlook (24-04-2015)

AUD/USD
• Bears rule inEurope’s morning, push pair to 200-HMA but can’t go further
• Early NY sees USD rally weaken, intra-day bears begin covering
• Broad based USD weakness takes hold on soft US data
• AUD/USD lifts to 0.7790, USD slide abates a bit &pair dips
• Sits ~0.7775 late in the day; No data o/n so action likely limited

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