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Australian Dollar Technical Outlook

Thursday, 10 April 2008 13:56:19 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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