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AUD Trading Outlook (17-01-2012)

Australian Dollar (AUD) the Aussie continues to receive support on dips but is not breaking to the topside. Traders suggest a move above the 200day moving average at 1.0400 would support the AUD/USD and could put 1.10 back on the table. Commodities led by Gold and Oil are expected to do well going forward and are part of the bullish Aussie story. More important in the short term and we have a raft of Chinese data today that may inspire fresh movement. Looking ahead, Q4 Chinese GDP forecast at 8.7% vs. 9.1% previously.

Back to AUD Trading Outlook Archive

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