AUD Trading Outlook (20-09-2012)

Australian Dollar (AUD) The AUD/USD is giving traders great two way opportunities lately with the QE3/ECB/BOJ Fueled risk on rally dragging the Aussie higher. Sellers are banking on the slowdown from China and the local Australian economy to lead to RBA rate cuts and AUD downside. Looking ahead, Chinese HSBC PMI previously at 47.6.

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