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Australian Dollar Technical Outlook

Monday, 27 July 2009 14:28:20 GMT | Jamie Saettele, Senior Currency Strategist

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The AUDUSD has come within pips of breaking above its June high of .8269. The rally from .7698 is viewed as a 5th wave (of a larger C wave) that will complete the rally from the October 2008 low. .8385 (61.8% of the decline from .9856) is a level to watch as potential resistance.

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