AUD Trading Outlook (01-03-2013)

Australian Dollar (AUD) the AUD/USD soared to 1.2080 after the CAPEX data showed mining data was stronger than forecast defying pessimist predictions of a crash in investment. The AUD/USD rally was briefly however as USD strength and technical resistance held strong and we ended back at the 1.0225 support level. Update Chinese PMI at 50.1 vs. 50.2 forecast.

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