AUD Trading Outlook (27-04-2012)

Australian Dollar (AUD) the AUD/USD broke above 1.0380 and tested 1.0400 before spending the rest of the day in a tight range. The RBA meets on Tuesday but before that that we have US GDP (tonight) and Chinese PMI (Monday) risk events. Looking ahead, BOJ Interest Rate forecast to hold rates at 0.1%.

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