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Australian Dollar Technical Outlook

Monday, 21 April 2008 13:17:49 GMT

Written by Jamie Saettele, Currency Analyst

If the rally from .9031 is wave v of a diagonal (and more specifically wave c of v), then the advance from .9031 is counted as a series of 1st and 2nd waves.  

The AUDUSD must remain above .9272 and short term support begins at .94 and extends to .9337.  An objective is a 161.8% extension at .9713.

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