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Australian Dollar Technical Outlook

Thursday, 18 September 2008 14:25:50 GMT

Written by Jamie Saettele, Senior Currency Strategist

The AUDUSD may have completed and ending diagonal at .7799.

If this count is correct, then the AUDUSD would probably return to .8750/.88 (we can’t be sure about how long it would take since we do not know what kind of corrective pattern would unfold).

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