AUD Trading Outlook (27-01-2011)

The Australian Dollar (AUD) found resistance at parity overnight but was well supported on dips and could break the key level if investor sentiment remains high. The Aussie is continuing to underperform on crosses with AUD/NZD on the back foot and EUR/AUD pushing higher in recent sessions. Overall the AUD/USD traded with a low of 0.9928 and a high of 1.0000 before closing the US session at 0.9980.

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