AUD Trading Outlook (04-04-2011)

The Australian Dollar (AUD) was able to register fresh post float all time highs near 1.0400 on the back of very strong AUD/JPY flows and positive global investor risk appetite. Gold fell but Oil was able to soar once again to $108 a barrel and is a better indication of commodities strength. Overall the AUD/USD traded with a low of 1.0319 and a high of 1.0398 before closing the day at 1.0390 in the New York session.

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