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COT 04/14

Monday, 14 April 2008 14:29:54 GMT

Written by Jamie Saettele, Currency Analyst

Implications: Bullish but forming a top

04-14-08cot8

AUD:  The 52 and 13 week COT indexes are at 71 and 92.  The sharp increase in Aussie longs may be the beginning of the a bull leg that leads to a major reversal within a few weeks.

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