AUD Trading Outlook (14-10-2011)

The Australian Dollar (AUD) tracked the European stocks lower before rallying back to 1.0200 in the US session as the buyers came in on the dip. Today&rsquo s Chinese CPI number will be critical in whether the AUD/USD can extend recent gains with the market now 800 pips off lows seen two weeks ago. AUD/JPY is holding above Y78 and is well supported.

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