AUD Trading Outlook (18-12-2012)

Australian Dollar (AUD) the AUD/USD fell back to 1.0540 from 1.0580 resistance but the market is still bullish and will likely attempt 1.0625 year highs if sentiment remains strong. Some focus on 2013 RBA rate cuts could put a cap on the topside with some banks looking for 1% worth of rate cuts next year.

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