AUD Trading Outlook (13-07-2011)
The Australian Dollar (AUD) came under heavy selling pressure with the risk sensitive currency causing some major liquidation flows on the major and key crosses like the AUD/JPY. The AUD/JPY crashed to Y83.25 before rebounding on BOJ rumors late in New York Trade. Overall the AUD/USD traded with a low of 1.0524 and a high of 1.0645 before closing the day at 1.0620 in the New York session.
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