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06-05-2012, 01:58 AM #1
Senior Member
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- Apr 2012
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Australia Q1 current account deficit AUD$14.9 billion (as expected)
AUD/USD remains resilient this morning, with heavy short-covering ahead of the RBA working its way through sell orders between .9760/70. A clean break above this level would open the way for a broader recovery towards .9850.
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