AUD Trading Outlook (09-08-2011)

The Australian Dollar (AUD) The Aussie crashed into the US close falling to 1.01 tracking the stock market fall and AUD/JPY to Y78. Traders are targeting the parity with the key level the last support before we move to 2010 levels. EUR/AUD and GBP/AUD are unwinding and soaring higher with the risk currency being pummeled.

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