AUD Trading Outlook (10-04-2012)

Australian Dollar (AUD) stopped falling even with the hot Chinese CPI number finding support at 1.0260 and bouncing above 1.0300. The AUD/USD has been steadily falling for the last 4 weeks and could test Parity soon if the EUR/USD falls and China continues to falter. Looking ahead, March AUD Business Confidence Index previously at 1.

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