AUD Trading Outlook (11-08-2011)

The Australian Dollar (AUD) the Aussie came under heavy selling pressure in the European and the US session with the volatile stock markets creating havoc for traders with support and resistances seemingly nonexistent. AUD/JPY fell back under Y78 and is still under pressure. UPDATE JULY Employment Change -0.1k vs. 10k forecast. July Unemployment Rate at 5.1% vs. 4.9% previously.

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