AUD Trading Outlook (23-03-2011)

The Australian Dollar (AUD) the Aussie moved above 1.0100 as AUD/JPY buying and positive momentum continued to push the commodity currency higher. Further gains back to all time highs above 1.0250 will require the stock markets to resume their 6 month uptrend and print fresh highs. Overall the AUD/USD traded with a low of 1.0036 and a high of 1.0130 before closing the day at 1.0090 in the New York session.

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