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AUD Trading Outlook (18-01-2013)

Australian Dollar (AUD) the AUD/USD was able to recover from awful jobs data on Thursday to bounce off the 1.0500 level to close back at 1.0550 after the US stock run. The daily range of the AUD/USD has been compressed lately and could be leading to a breakout with a fresh trend. Chinese data released in Asia Friday was stronger than expected and could help underpin. UPDATE AUSTRALIAN Chinese Q4 GDP came in at 7.9% vs. 7.4% previously.

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