AUD Trading Outlook (15-11-2012)

Australian Dollar (AUD) continued to be pressured by weak US stocks with support at 1.0350 broken in Europe and we hit day lows at 1.0310 later in the US session. Most AUD crosses have been giving back gains in the last two trading days but they have been strong over the last month. AAA rating and high interest rates should allow the Aussie to do well once the risk aversion settles down.

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