The Australian Dollar (AUD) was hit hard from the China Bank Reserve ratio hike but support was found   near the 0.9820 level and when US stocks rallied the Aussie rebounded. A retest of the key parity level would require stock markets to continue their uptrend. Overall the AUD/USD traded with a low of 0.9816 and a high of 0.9911 before closing the US session at 0.9857.
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