AUD Trading Outlook (17-02-2011)

The Australian Dollar (AUD) did well in the pro risk environment with gold and oil both rallying and helping push the Aussie back above 1.0000. The recent 0.99-1.01 range is continuing to hold with the market comfortable at the levels for now. Overall the AUD/USD traded with a low of 0.9964 and a high of 1.0058 before closing the day at 1.0040 in the New York session.

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