AUD Trading Outlook (24-06-2011)

The Australian Dollar (AUD) was thrown around like a rag doll down breaking below key resistance in Europe before being lifted just as sharply post Greece deal news. The outlook is closely linked as always to the stock market movements but more focus is being given to China lately. Overall the AUD/USD traded with a low of 1.0453 and a high of 1.0569 before closing the day at 1.0525 in the New York session.

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