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AUD Trading Outlook (12-11-2010)

The Australian Dollar (AUD) had a wild day of trading falling aggressively towards parity after mixed jobs data. October Unemployment Rate jumps to 5.4% vs. 5.1% even as +29k jobs were created. Risk off trading in the US sent the pair back below 1.000 and the market closed under the key level for a bearish market signal. Overall the AUD/USD traded with a low of 0.9951 and a high of 1.0099 before closing the US session at 0.9970.

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