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AUD Trading Outlook (31-01-2013)

Australian Dollar (AUD) the Aussie was sold across the board in a worrying sign for the bulls with most crosses trending against AUD. In Asia Thursday, we saw fresh trend lows to 1.0380 after a rating report suggested downside risk to the commodity powerhouse and to its biggest trading partner in China during 2013. Still the selling has been mild and the 1.03-1.06 large range is still holding so the change in sentiment towards the Aussie may be a temporary phenomenon.

Back to AUD Trading Outlook Archive

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