AUD Trading Outlook (10-11-2010)

The Australian Dollar (AUD) Fell heavily from European highs as Gold plummeted over $40 an ounce form fresh record highs. AUD/USD tested Parity but held while AUD/JPY downside was buffered by the move higher in the USD/JPY. Overall the AUD/USD traded with a low of 0.9997 and a high of 1.0176 before closing the US session at 1.0030. Update November Consumer Sentiment fell -4.7.

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