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Australian Dollar Technical Outlook
Wednesday, 29 July 2009 15:01:13 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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