AUD Trading Outlook (27-02-2013)

. Australian Dollar (AUD) the AUD/USD fell through 1.0225 range support but the bears party was stopped at 1.0200 with some very large orders from local banks and presumed option protection buyers from a large sovereign presumed to be china held the figure intact. The market tried for the 1.0200 level again today but ran into the same strong support. S&P affirmed the AAA rating during the Asian session but some focus was made on the warnings in the report about looming issues. Looking ahead, Japanese Industrial output forecast at 1.5% vs. 2.4% previously. Also Q4 CAPEX forecast at 1% vs. 2.8% previously.