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AUD Trading Outlook (13-06-2012)

Australian Dollar (AUD) the AUD/USD hit rallied from 0.9850 lows in Asia yesterday to move a full big figure higher and be on the front foot in trade today. The resilience the AUD/USD is showing lately is frustrating the bears that had been given every reason to sell lately. RBA governor Stevens spoke on Wednesday morning and stated the high AUD dollar was bad for exporters but good for Australian Consumers. Looking ahead, no economic data.

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