AUD Trading Outlook (20-12-2011)

The Australian Dollar (AUD) the Aussie was the worst hit currency from the risk aversion in the markets yesterday closing below 0.9900. The RBA minutes released in early Asia did offer some reprieve however and most analysts are calling for range trading over the holiday period in thin markets. AUD/JPY is finding solid support at Y77 and is a closely watch cross for the major.

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