AUD Trading Outlook (03-11-2011)

The Australian Dollar (AUD) The AUD/USD rebounded with stocks but struggled above 1.0400 and we saw more heavy selling after the EU/Greece meetings earlier this morning on Thursday. AUD/JPY is hold above the key Y80 level for now but further stock losses could see the level tested. UPDATE September Retail Sales were stable at 0.4% vs. 0.6% previously.

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