AUD Trading Outlook (19-05-2011)

The Australian Dollar (AUD) the Aussie did well tracking stocks and commodities higher throughout the day. AUD/JPY also broke resistance heading towards Y87 in a strong move higher. Wage Price index was slower than expected at 0.8% vs. 1.0% previously. Overall the AUD/USD traded with a low of 1.0567 and a high of 1.0667 before closing the day at 1.0655 in the New York session.

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