AUD Trading Outlook (07-01-2011)

The Australian Dollar (AUD) kept falling as commodities crashed due to speculation the CFTC would place limits on speculation. Support was found at 0.9930 but the mood and direction has changed sharply in the last 3 days. Overall the AUD/USD traded with a low of 0.9918 and a high of 1.0018 before closing the US session at 0.9940.

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