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AUD Trading Outlook (15-02-2013)

Australian Dollar (AUD) the AUD/USD tried to break the key resistance again at 1.0370 but failed to breach the strong level and has been in a range between 1.0360 and 1.0340 for the past two trading sessions. The recent selling has been due to EUR/AUD buying and so when that reversed aggressively last night we saw support from the cross in the major. Looking ahead, G20 meeting to affect the Yen directly if they mention Japan Explicitly.

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