AUD Trading Outlook (28-01-2011)

The Australian Dollar (AUD) was hurt by the Japanese Downgrade and pullback in Gold overnight falling below 0.9900 after testing parity in Asia. Also weighing on the Aussie was the proposed flood levy announced yesterday but the Federal government. Overall the AUD/USD traded with a low of 0.9873 and a high of 1.0003 before closing the US session at 0.9915.

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