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AUD Trading Outlook (21-07-2011)

The Australian Dollar (AUD) the Aussie was strong even with negative stocks with most traders waiting for more news in regards to the US debt ceiling debate and Greece bailout before fresh direction. Major resistance is seen at 1.0800 and could contain while 1.0500 is providing plenty of support in recent weeks. Overall the AUD/USD traded with a low of 1.0607 and a high of 1.0645 before closing the day at 1.0730 in the New York session.

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