AUD Trading Outlook (08-11-2011)

The Australian Dollar (AUD) the Aussie was volatile falling from 1.0400 at the open to test support under 1.0300 before reversing with US stocks later in the day. AUD/JPY buying is providing plenty of support for the major on dips and is currently well supported above the Y80 level. UPDATE September Trade balance at 2564mln vs. 3000mln forecast.

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