AUD Trading Outlook (28-03-2012)

Australian Dollar (AUD) the AUD/USD moved up to 1.0550 in European session in line with the EUR/USD move higher but when selling came in later the market sold the Aussie hardest and we saw the EUR/AUD and GBP/AUD unwind for further gains. The 200 Day moving average is found at 1.0400 and is a traditional trend indicator.

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