AUD Trading Outlook (14-11-2011)

The Australian Dollar (AUD) the sentiment towards the AUD had been very negative earlier in the week on the RBA cutting rates and the Italian debt crisis but the major factor for the Aussie direction is the stock market movement and they moved higher on Friday and dragged a reluctant AUD/USD higher. Traders are very cautious on going aggressively long at these levels until the situation settles down in Europe.

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