AUD Trading Outlook (10-07-2012)

Australian Dollar (AUD) the AUD/USD is the main risk currency in play this week with the daily China data releases and close scrutiny of the emerging economic powerhouse. AUD/USD found support at 1.0160 and grinded back above 1.0210. Looking ahead, June Consumer Confidence previously at 40.7. Also Chinese Trade Balance forecast at 21bn vs. 18.7bn previously

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