AUD Trading Outlook (09-05-2011)

The Australian Dollar (AUD) tracked stocks markets higher in the US session Friday with 1.0800 tested at one point. The sharp reversal with the Euro led to AUD/JPY and AUD/USD selling but the market was keen to buy the dip closing on the front foot above 1.0700. Overall the AUD/USD traded with a low of 1.0579 and a high of 1.0802 before closing the day at 1.0720 in the New York session.

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