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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advertisementAustralian Dollar Technical OutlookThursday, 10 April 2008 13:56:19 GMT Written by Jamie Saettele, Currency Analyst
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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