AUD Trading Outlook (05-01-2011)

The Australian Dollar (AUD) was crunched lower as Gold&amp rsquo s losses mounted and the Oil fell off a cliff down $3 a barrel at one stage. Support was eventually found in the lower 1.0030 region and a mild recovery ensued. Overall the AUD/USD traded with a low of 1.0126 and a high of 1.0174 before closing the US session at 1.0055.

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