AUD Trading Outlook (10-01-2011)

The Australian Dollar (AUD) ended slightly higher on the day but failed on a few occasions to break back above 1.0000 after the soft US Jobs data. AUD/JPY is a critical cross and is struggling to hold recent gains falling back below Y83. Overall the AUD/USD traded with a low of 0.9909 and a high of 0.9994 before closing the US session at 0.9964.

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