AUD Trading Outlook (31-01-2011)
The Australian Dollar (AUD) a 4% gain in Oil and Surging Gold market did not help the risk sensitive AUD which came under strong selling pressure due. Most AUD crosses are reacting to the risk off trading environment, continuing to unwind gains in the last month. Overall the AUD/USD traded with a low of 0.9885 and a high of 0.9985 before closing the US session at 0.9920.
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