AUD Trading Outlook (26-06-2012)
Australian Dollar (AUD) the large falls in Global stock markets on Monday weighed on the AUD/USD which is a traditional risk currency. The key 1.0000 level was broken in US trade and support was found at 0.9970. The outlook is mixed with the recent rally now under threat and whether we close under 1.0000 is key for this week’s trade. Looking ahead, no major economic data releases.
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