AUD Trading Outlook (18-10-2011)

The Australian Dollar (AUD) The Aussie led the market on the way up and when the profit taking started the AUD/USD collapsed from 1.0370 to 1.0180 in sharp selling. The outlook is mixed with speed of the run up keeping buyers cautious to buy aggressively on dips. Looking ahead, October RBA Minutes. Chinese Q3 GDP forecast 9.2% vs. 9.5% previously.

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