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Forex pairs in this Article » AUD/USD (San Francisco) - Since the weekly opening, AUDUSD has been largely range bound between 1.0460 and 1.0510, and is last quoted around 1.0495 ahead of Australia's Trade Balance figures for November, expected to show a deficit expansion. Sean Lee, founder of FXWW says: "The AUD may attract some volatility today if the trade data is well away from expectations but don't get your hopes up too high. Range trading is also the likely outcome for the next few days (1.0450/1.0540ish)."

Mr. Lee adds: "Local Aussie dealers say that the buyers currently hold the stronger cards particularly with US asset managers looking to buy dips. As we know, if risk sentiment suddenly shifts then this AUD bias will shift very quickly as well."
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