The Australian Dollar’s decline has been thrown a lifeline by nervous Greenback bulls. For now, the bulls can breathe a sigh of relief, but the downside looms. As long as the USD Index continues to correct from the 4-year highs then I expect to see A$ stuck within the 0.864-89c range. The choppy sideways trading between these levels has become predictably predictable, yet likely to punish any trend trader seeking to jump the gun prior to a breakout. With domestic news relatively light next week then the US is likely to dictate any sustainable, directional moves, with Thursday providing FOMC statement, Advance GDP and ... (full story)