USD Trading Outlook (29-04-2015)

AUD/USD
Bull action persists in Europe’s morning post-Stevens speech
NY opens ~0.7950 and stay firms early on
Soft USD, lifts in iron-ore, rebar & copper aid to keep rally going
Stop run above 0.7950/60 accelerates lift, pair tests key 0.8025 area
Series of daily lows highs nearby, break sees more pain for bears
FOMC risk looms, if dovish gains likely; Techs suggest higher levels due

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