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COT 05/05

Monday, 05 May 2008 20:23:06 GMT

Written by Jamie Saettele, Currency Analyst

Implications: Bearish

05-05-08cot8

AUD:  The 52 and 13 week COT indexes are at 73 and 75.  Although the 13 week index has declined from a 100 reading (4 weeks ago), the AUDUSD price has trended sideways.  As long as the indexes are pointed down, there is potential for a sizeable decline.

 

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