AUD Trading Outlook (07-07-2011)

The Australian Dollar (AUD) range traded for most of the day under pressure due to the Euro led USD strength and China rate hike but supported from strong Gold and US stocks which ignored the negative news. Overall the AUD/USD traded with a low of 1.0653 and a high of 1.0735 before closing the day at 1.0690 in the New York session. UPDATE JUNE EMPLOYMENT Very Strong at 23.4k vs. 7.8k previously.

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