AUD Trading Outlook (27-04-2011)

The Australian Dollar (AUD) the Aussie broke above 1.0800 briefly as the market responded to buying in stock markets. The market is hitting fresh highs each day with little technical resistance and profit taking the only factor slowing the ascent. Overall the AUD/USD traded with a low of 1.0675 and a high of 1.0825 before &nbsp closing the day at 1.0795 in the New York session. UPDATE Q1 CPI at 1.6% vs. 0.4%.

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