AUD Trading Outlook (03-10-2011)

The Australian Dollar (AUD) selling came back in force breaking to 0.9650 in the US session with the uncertainty and lack of progress on Greece creating a toxic environment for the Aussie. Commodities are also under heavy selling pressure and Chinese concerns are adding to the downside risks. Support is seen at year lows 0.9620 and the key 0.9500.

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