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AUD Trading Outlook (17-05-2011)

The Australian Dollar (AUD) was volatile rallying above 1.0640 at the start of the US session before finding sellers and returning to weakness. The outlook for the AUD/USD will be dependent on stock markets going forward with a further correction seeing 1.0500 come back into view. Overall the AUD/USD traded with a low of 1.0512 and a high of 1.0644 before closing the day at 1.0560 in the New York session. Looking ahead, RBA Minutes.

Back to AUD Trading Outlook Archive

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