AUD Trading Outlook (25-10-2010)

The Australian Dollar (AUD) pivoted the 0.9800 level as higher commodities supported whilst profit takers capped. AUD/JPY is close to the key Y80 level and will be looking to stock markets this week to direct the next movement. Overall the AUD/USD traded with a low of 0.9760 and a high of 0.9855 before closing the US session at 0.9811. Looking ahead, RBA Governor Stevens Speaks.

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