AUD Trading Outlook (11-04-2011)

The Australian Dollar (AUD) fresh all-time highs as the risk commodity currency pushed higher above 1.0500 and consolidated gains. AUD/JPY is within striking distance of the Y90 level and could continue higher if broken. 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.

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