AUD Trading Outlook (06-06-2011)

The Australian Dollar (AUD) the risk currency was hurt from the weak US jobs numbers and stock market reaction but was able to find support at 1.0600 and rally back above 1.0700 to close on a strong footing. Traders are also watching the AUD/JPY which found support at the key Y85 level. Overall the AUD/USD traded with a low of 1.0593 and a high of 1.0773 before closing the day at 1.0725 in the New York session.

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