AUD Trading Outlook (28-02-2011)

The Australian Dollar (AUD) the Aussie traded at week highs completing a 5 day rally. The market opened Asia on Monday morning under pressure though on reports the China had lowered its growth targets. Tuesday&rsquo s RBA decision is widely expected to be a hold at 4.75%. Overall the AUD/USD traded with a low of 1.0081 and a high of 1.0176 before closing the day at 1.0170 in the New York session.

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