AUD Trading Outlook (03-12-2012)

Australian Dollar (AUD)remained supported on dips so far with AUD/USD falling from 1.0480 to 1.0410 Friday as Gold fell sharply and long traders took profit ahead of Tuesday’s RBA meeting which is now pricing in an 80% chance of a rate cut. Looking ahead, October Retail Sales forecast 0.4% vs. 0.5%

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