AUD Trading Outlook (30-05-2013)
INTRADAY CONCLUSION: Much will depend on what happens in the Nikkei and in AUD/JPY; if they both break lower then AUD/USD will be back on the 95 handle. Sentiment remains AUD bearish but speculators are short, so we could still get some short-covering rallies. Perfect conditions for range trading; buy big dips, sell big rallies.
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