AUD Trading Outlook (29-03-2011)
The Australian Dollar (AUD) printed new highs again above 1.0300 before staging a sharp reversal on profit taking and weak US stocks into the close. AUD/JPY was briefly above Y84 to trade near year highs at Y84.50 with plenty of demand noted. Overall the AUD/USD traded with a low of 1.0224 and a high of 1.0316 before closing the day at 1.0240 in the New York session.
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