AUD Trading Outlook (15-07-2013)

INTRADAY CONCLUSION: The Chinese GDP data will determine what happens to the AUD in the short-term. The market is bearish and selling on the crosses has picked up steam. Nevertheless the bids at .9000 were very strong indeed on Friday night. Keep a close eye on the crosses like EUR/AUD and AUD/JPY, as much of the action is happening there.

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