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AUD Trading Outlook (13-04-2011)

The Australian Dollar (AUD) the risk sensitive Aussie came under heavy selling pressure with the AUD/JPY falling sharply in Asia to Y87 and AUD/USD breaking briefly below 1.0400. The selling subsided and buyers reentered the market in force and the Aussie broke above 1.0500 at the height of Euro strength. Overall the AUD/USD traded with a low of 1.0450 and a high of 1.0551 before closing the day at 1.0526 in the New York session. UPDATE April Consumer Sentiment at +1.2%.

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