AUD Trading Outlook (03-01-2011)

The Australian Dollar (AUD) traded at new record highs above 1.0250 as the market continues to buy dips on the commodity currency. AUD/NZD is a notable exception as the pair eases from year highs in recent sessions. Overall the AUD/USD traded with a low of 1.0150 and a high of 1.0255 before closing the US session at 1.0180.

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