AUD Trading Outlook (20-03-2012)

Australian Dollar (AUD) the AUD/USD found heavy resistance above 1.0600 and fell back in Asia today after the world’s largest miner and Australia’s biggest company BHP noted demand for Iron Ore out of China has fallen and some of its planned investments may need to be reviewed. Looking ahead, NZD Q4 Current Account forecast at -2.75bn vs. -4.6bn previously.

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