AUD Trading Outlook (04-02-2013)

Australian Dollar (AUD) consolidated near 1.0400 on Friday unable to rally but at least the selling has subsided for now. The RBA is ahead on Tuesday and they are not expected to cut but traders will be watching the commentary closely for any hints about the next move or concern about the elevated AUD price. UPDATE Australian Building Permits at -4.4% vs. 1.1% previously.

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