AUD Trading Outlook (04-10-2012)

Australian Dollar (AUD) the AUD/USD selloff continued but support was found at 1.0200 and we spent most of the day at the level. August Trade Balance blew out to a -2bn deficit vs. -700mn forecast. Support is seen at 1.0165 the low from September. UPDATE August Retail Sales forecast at 0.2% vs. -0.8% previously.

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