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Australian Dollar Technical Outlook

Wednesday, 09 April 2008 12:53:13 GMT

Written by Jamie Saettele, Currency Analyst

There is no change to the count that we outlined yesterday.  “We are treating the decline from .9470 (which was a truncation) as a series of 1st and 2nd waves. 

This bearish count remains valid as long as price is below .9353.  The sharp drop from just below .93 presents a shorting opportunity against .9353.”     

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