AUD Trading Outlook (24-02-2011)

The Australian Dollar (AUD) risk aversion sent the Aussie below parity again but strong support was found for the second day and the pair was able to close above the figure. Strong Commodities are helping to offset the stock market falls. Overall the AUD/USD traded with a low of 0.9979 and a high of 1.0062 before closing the day at 1.0055 in the New York session.

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