Australian Dollar (AUD) broke above 1.0330 resistance as the Aussie reacted to European stocks and the move higher in the Euro. EUR/AUD did cover some degree from 1.2300 to 1.2450 but the market once again sold into this bounce and the EUR/AUD finished under 1.2400. The outlook for the AUD/USD is linked to the stock market and so far this year we are performing well and the AUD/USD is close to entering a upwards trend.
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