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Australian Dollar Technical Outlook
Tuesday, 28 July 2009 14:20:37 GMT  |  Jamie Saettele, Senior Currency Strategist
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The AUDUSD has broken above its June high, confirming that wave C (as well as the entire rally from the October low) is near completion.  .8385 (61.8% of the decline from .9856) is a level to watch as potential resistance.  The risk of a top and reversal is high (momentum divergence with the new high).

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