AUD Trading Outlook (04-07-2012)

Australian Dollar (AUD) the AUD/USD was well supported from the stock market rally with the RBA hold at 3.5% and indicating patience and caution going forward with European and Chinese threats still existing to the Australian economy. They did not however the underlying outlook and strength of the Commodity powerhouse was positive. UPDATE May Retail Sales Positive at 0.5% vs. 0.2% previously.

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