AUD Trading Outlook (01-02-2012)
Australian Dollar (AUD) the Aussie rallied in Asia but failed for a third time at 1.0680 and fell back with US stock markets. The Continued failure is suggesting the rally has run out of steam and either consolidation or a pull back are in store. Next Tuesdays RBA rate announcement the main risk event going forward for the longer term uptrend with some analysts calling for more rate cuts.
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