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USD Trading Outlook (11-03-2014)

The Australian Dollar (AUD): Sell off continued due to poor Chinese Trade balance data that came through last weekend. Drop in copper and iron ore combined increased concerns on overall China economy which affected AUD/USD directly. A low of 0.9011 was touched, AUD currently still sitting above 0.90, a break below would give better confirmation on this pair. Employment data on Thursday could add further pressure on AUD/USD if it comes in poor.

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