The Australian Dollar (AUD) was under pressure given risk off trading with US stocks falling into the close. The 1.0500 level is forming as a key support once again with most traders waiting to see fresh stock market direction before committing to a new trend. Overall the AUD/USD traded with a low of 1.0534 and a high of 1.0652 before closing the day at 1.0550 in the New York session.
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