AUD Trading Outlook
The Australian Dollar (AUD) was strong once again with fresh highs above 1.0350 with the uptrend still firmly in place. In Economic February Building permits -7.4% vs. 4% forecast. Retail Sales 0.5% vs. 0.4% previously. Overall the AUD/USD traded with a low of 1.0309 and a high of 1.0375 before closing the day at 1.0325 in the New York session.
The Australian Dollar (AUD) remained strong on the back of investor demand for AUD/JPY with the major closing above the key 1.0300 level ahead of Economic data today. The Market is starting to look higher now as traders become more comfortable with levels above parity. Overall the AUD/USD traded with a low of 1.0268 and a high of 1.0339 before closing the day at 1.0330 in the New York session. UPDATE FEBRUARY Building permits -7.4 % vs. 4% forecast. Retail Sales 0.5% vs. 0.4% previously.
The Australian Dollar (AUD) was very strong bouncing off European lows to resume rallying back to the 1.0300 resistance. 1.0300 is forming as a key resistance to the march higher and the AUD/USD will need to close above the figure to open up higher levels. Overall the AUD/USD traded with a low of 1.0203 and a high of 1.0316 before closing the day at 1.0280 in the New York session.
The Australian Dollar (AUD) printed new highs again above 1.0300 before staging a sharp reversal on profit taking and weak US stocks into the close. AUD/JPY was briefly above Y84 to trade near year highs at Y84.50 with plenty of demand noted. Overall the AUD/USD traded with a low of 1.0224 and a high of 1.0316 before closing the day at 1.0240 in the New York session.
The Australian Dollar (AUD) the Aussie hit all time post float highs up near 1.0300 before coming under profit taking pressure and succumbing to USD strength. AUD/JPY crept higher as the uptrend continued post Japanese Earthquake sell off. Overall the AUD/USD traded with a low of 1.0184 and a high of 1.0294 before closing the day at 1.0252 in the New York session.
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