AUD Trading Outlook (01-10-2010)

The Australian Dollar (AUD) suffered from profit taking and the reversal of stocks in the US session but there is still interest to buy on dips. AUD/NZD is pushing higher now above 1.3100. August Building Permits fell -4.7%. Overall the AUD/USD traded with a low of 0.9623 and a high of 0.9736 before closing the US session at 0.9690.

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