AUD Trading Outlook (20-05-2011)

The Australian Dollar (AUD) grinded higher with the other majors ignoring the drop in commodities but the prices action was very subdued. AUD/JPY did well above Y87 and closed above the key level looking for more upside. 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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