AUD Trading Outlook (02-05-2011)

The Australian Dollar (AUD) was very strong as stocks in the US grinded higher and gold pushed up. 1.1000 was broken in Asia early on Monday but the market reversed aggressively from the key level as longs took profit. Overall the AUD/USD traded with a low of 1.0878 and a high of 1.0977 before closing the day at 1.0965 in the New York session.

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