AUD Trading Outlook (19-08-2013)

INTRADAY CONCLUSION: I expect to see further volatile consolidation in the AUD/USD between .90/.93 over the coming week as the market fluctuates between risk aversion and USD selling. I think we will see buying emerge .9130/40 and we may get a test of those reported stops above .9240. But today may stay very quiet so be also prepared for a tight 30/40 pip trading session.

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