AUD Trading Outlook (15-05-2012)
Australian Dollar (AUD) the AUD/USD broke parity in Asia to little fanfare only falling to 0.9950 overnight with the market very subdued and selling gentle. The outlook is for further losses with many targeting 0.9800 but the oversold US stock market suggest a short squeeze will be on the cards at some point this week. Looking ahead, May RBA Rate Meeting Minutes.
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