AUD Trading Outlook (14-03-2011)

The Australian Dollar (AUD) broke below 1.0000 briefly before surging higher on the EU Bailout agreement and jump in US stocks. The outlook is mixed with the 1.000-1.0200 range holding for the last few weeks with risk to upside and downside balanced. Overall the AUD/USD traded with a low of 0.9966 and a high of 1.0158 before closing the day at 1.0150 in the New York session. &nbsp

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