AUD Trading Outlook (20-08-2013)
INTRADAY CONCLUSION: We are nearing important support levels for the AUD against the JPY, NZD and EUR. It’s natural for the market to test these so I am expecting some downside probes early in the day, especially if the RBA minutes are reported as ‘dovish’ on the newswires. But I’m still a dip-buyer and see levels near .9050 as a good entry point.
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