AUD Trading Outlook (12-08-2011)

The Australian Dollar (AUD) the Aussie fell back on weak employment data but this was short lived with strong buying emerging in Asia after a strong rally in Chinese stocks. July Employment Change -0.1k vs. 10k forecast. July Unemployment Rate at 5.1% vs. 4.9% previously. The market finished at highs and could retest 1.0400 if sentiment can hold.

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