AUD Trading Outlook (01-04-2011)

The Australian Dollar (AUD) was strong once again with fresh highs above 1.0350 with the uptrend still firmly in place. In Economic February Building permits -7.4% vs. 4% forecast. Retail Sales 0.5% vs. 0.4% previously. Overall the AUD/USD traded with a low of 1.0309 and a high of 1.0375 before closing the day at 1.0325 in the New York session.

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