AUD Trading Outlook (31-03-2011)
The Australian Dollar (AUD) remained strong on the back of investor demand for AUD/JPY with the major closing above the key 1.0300 level ahead of Economic data today. The Market is starting to look higher now as traders become more comfortable with levels above parity. Overall the AUD/USD traded with a low of 1.0268 and a high of 1.0339 before closing the day at 1.0330 in the New York session. UPDATE FEBRUARY Building permits -7.4 % vs. 4% forecast. Retail Sales 0.5% vs. 0.4% previously.
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