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AUD Trading Outlook (07-02-2013)

Australian Dollar (AUD) the AUD/USD broke through major technical support and out of its long term 1.0360-1.0620 range leading to many sell recommendations from FX technical houses and investment banks. The outlook is not clear however as demand from reserve managers from around the world continues to be found at each significant level. Last night we found solid support at 1.0300 and have so far failed to break this level in Asia on its third attempt. Update January Employment Change at 10.4k vs. 5k forecast.

Back to AUD Trading Outlook Archive

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