AUD Trading Outlook (14-06-2012)

Australian Dollar (AUD) the AUD/USD tested 1.0000 for the third time in a week but failed to break the key resistance and eased back to 0.9950 with traders nervous to get aggressive in either direction. A lot of the fear has left the market in recent sessions and this is underpinning the AUD/USD which was sold heavily on fears the EU would break up. Looking ahead, BOJ Rate meeting on Friday.

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