AUD Trading Outlook (15-12-2010)

The Australian Dollar (AUD) did well in the risk on trading breaking above 1.0000 and overcoming much of the USD strength to close just under parity. AUD/JPY push in the Y83 level comfortably and AUD/NZD is remaining near Year highs on NZD underperformance. Overall the AUD/USD traded with a low of 0.9941 and a high of 1.0031 before closing the US session at 0.9980.

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