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Australian Dollar Technical Outlook
Friday, 31 July 2009 14:58:18 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.  Near term, there is the possibility of a drop below .8120 - in which case .7945-.8020 would be potential support (50%-61.8% of .7698-.8344).  

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