AUD Trading Outlook (16-12-2010)

The Australian Dollar (AUD) was sold steadily throughout the day with both USD strength and increasing risk aversion due to the precarious European Situation. AUD/NZD pushed above 1.3300 and is providing some support. Overall the AUD/USD traded with a low of 0.9839 and a high of 0.9975 before closing the US session at 0.9870.

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