AUD Trading Outlook (06-06-2013)

INTRADAY CONCLUSION: Selling rallies in the AUD is the safest bet at the moment whilst this very bearish phase is on-going. Long-term AUD long positions are still being cleaned out and as long as this is happening, its pointless fighting the trend. On the day, .9500/.9600 should probably cover it depending on how big the option defence is.

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