AUD Trading Outlook (18-01-2012)

Australian Dollar (AUD) the Aussie managed to break above the 200 day SMA overnight but failed to close above the key technical indicator. The Chinese GDP data underpinned the move higher and is looking to move higher now the recent range has been broken. Unemployment data tomorrow is the main risk event for the week. AUD/JPY is looking to break above Y80 but requires the help of USD/JPY.

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