AUD Trading Outlook (04-06-2012)

Australian Dollar (AUD) the AUD/USD reacted sharply lower to 0.9580 after the NFP before bouncing with the AUD/JPY back to 0.9700 where resistance was found to be solid. The Outlook is for more losses with the RBA rates tomorrow likely to cut and the slowdown in China and Europe adding to the downside pressure.

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