AUD Trading Outlook (26-04-2011)

The Australian Dollar (AUD) tested support under 1.0700 with gold and silver reversing in the US session and US stocks easing slightly. The outlook is still strong but the market is very overbought currently. Overall the AUD/USD traded with a low of 1.0682 and a high of 1.0777 before closing the day at 1.0710 in the New York session.

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