AUD Trading Outlook (21-04-2011)

The Australian Dollar (AUD) popped all-time highs in Asia to test 1.0600 but the market was only warming up and rallied for most of the day to break above 1.0700 late US session. AUD/JPY broke above Y88 and is eyeing a retest of Y90 the previous high. Overall the AUD/USD traded with a low of 1.0538 and a high of 1.0729 before closing the day at 1.0710 in the New York session.

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