AUD Trading Outlook (20-08-2012)
Australian Dollar (AUD) the AUD/USD finally broke to the downside in a rare move on a strong stock market day. The main story is that the crosses are under pressure with EUR/AUD and GBP/AUD surging higher after months of downtrend. Some suggest that the China bear story is gaining traction and that this could take the wind out of the Aussie going forward. Looking ahead, no economic data.
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