AUD Trading Outlook (21-01-2013)

Australian Dollar (AUD) the AUD/USD remained quiet at the bottom end of its 1.05-1.06 range. The outlook for the commodity currency is mixed with recent stock and Oil gains failing to materialize into Aussie strength. AUD/JPY is still in a strong uptrend but most of these gains are from the USD/JPY. A strong China bounce in Q4 is underpinning the AUD support.

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