AUD Trading Outlook
Australian Dollar (AUD) the sour mood flowed into the Aussie with selling steady throughout the day. Support was found in the lower 1.0300 region and range trading is forecast while we the RBA meeting next Tuesday approaches. Looking ahead, BOJ Meeting forecast to hold at 0.1%.
Australian Dollar (AUD) failed to break 1.0300 during the European session Friday and enjoyed a short squeeze back to 1.0380 as US stocks pared back losses. AUD/JPY capped with the USD/JPY selling pushing the cross back to Y82.50. Looking ahead, no economic data from Asia today.
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