AUD Trading Outlook (02-03-2012)

Australian Dollar (AUD) the AUD/USD moved back above 1.0800 and is also enjoying support as a rusk currency with commodities all stronger led by Oil and Copper. The AUD/JPY is moved to fresh year highs above Y87.60 and is very strong approaching Y88 and Y90 which have proven strong resistance in the past. Looking ahead, UK PMI forecast at 51.2 vs. 51.4 previously.

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