AUD Trading Outlook (28-06-2012)

Australian Dollar (AUD) the AUD/USD is quietly grinding higher with the stronger stocks and commodities. Resistance at 1.0080 was broken in Asia today and we are testing 1.0120-40 resistance in Europe. The outlook is for more gains if sentiment remains positive with the Australian economy still outperforming the rest of the world. Looking ahead, no economic data.

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