The Australian Dollar (AUD) tracked the risk on/risk off change in investor sentiment rallying to 0.9950 highs during the European session before falling sharply to the lower 0.9800 levels. The outlook is cautious with the recent large uptrend in danger of unwinding if the stock market rally begins to unravel. Overall the AUD/USD traded with a low of 0.9822 and a high of 0.9956 before closing the US session at 0.9870.
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