AUD Trading Outlook (06-09-2011)
The Australian Dollar (AUD) the Aussie was under pressure from the open gapping lower and continue to push towards the 1.0500 key support as fear spread in the market of a fresh banking crisis in Europe. A data packed week will provide plenty of movement in what could be a very volatile week for the risk currency. Looking ahead, RBA Rate announcement forecast at 4.75%.
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