USD Trading Outlook (07-05-2015)

AUD/USD
• Bid from Asia carries over into NY open, ~0.7985 as NY gets going
• Bulls press further on ADP miss as US Tsy yields & USD sink
• Stops >0.8020 run & new trend high (0.8040) made
• Yield & USD rebound see steady sales, some adding to shorts
• Near 0.7945/55 support late in day, Oz jobs risk due
• If upbeat April high to be tested ahead of RBA SMP

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