AUD Trading Outlook (31-12-2010)

The Australian Dollar (AUD) tested 1.0200 before falling on a combination of year-end profit taking and weak Chinese PMI data 54.4 vs. 55.3 previously. Support was found at 1.0140 and the pair finished on a firm footing. Overall the AUD/USD traded with a low of 1.0117 and a high of 1.0200 before closing the US session at 1.0170.

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