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Australian Dollar Technical Outlook

Friday, 26 September 2008 13:56:42 GMT

Written by Jamie Saettele, Senior Currency Strategist

The AUDUSD B wave is underway towards the Fibonacci zone (.8247-.8076). 

There is a count (not shown), that treats the top at .524 as the end of an expanded flat.  Both counts warrant positioning for a decline now, against .8524.

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