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Aud/Usd Bulls

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Jul 20 2010

Aud/Usd moved lower as expected over the past few days, after an impulsive upward move found the top 0.8870 region. A decline from there is corrective, a blue wave (B) in our case, which could already found the final bottom at 0.8631 region. If that is the case, then new highs are next; break through 0.8870 should be seen.

Aud/Usd 4h chart:



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