AUD Trading Outlook (27-12-2012)

Australian Dollar (AUD) the AUD/USD has been heavy selling pressure over the last 2 trading days breaking under 1.0500 on Friday and then 1.0400 during holiday trading so far this week. The usual AUD buyers have been missing over the last few sessions and we could be in for more selling if key supports are broken at 1.0295 (200 day moving average).

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