AUD Trading Outlook (19-12-2011)

The Australian Dollar (AUD) AUD/USD popped above 1.0000 briefly in the European session but this was quickly reversed and we saw the pair trade towards 0.9960 in late US weakness. The outlook is negative as the RBA cuts rates and Chinese growth is questioned and stock markets globally struggle. Stronger support is seen at 0.9850 and then 0.9600.

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