AUD Trading Outlook (19-02-2013)
Australian Dollar (AUD) the Aussie was weak but found support at 1.0280 and bounced back to 1.0310 by the end of the US session close. AUD/JPY is supporting and is pressuring resistance Y96.90. The medium term outlook is for RBA rate cuts and AUD to fall further but we need a catalyst to break large support at 1.0200 region. Looking ahead, February RBA Minutes Released.
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