AUD Trading Outlook (02-02-2012)

Australian Dollar (AUD) the AUD/USD was well supported on dips and reversed more aggressively than most to fresh month and 2012 highs above the 1.0700 key resistance. The 1.1100 all-time highs are in view but the stock market will have to continue to stretch gains with local economic data mixed enough to allow the central to consider cutting rates.

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