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Australian Dollar Technical Outlook
Wednesday, 05 August 2009 14:24:47 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 in its final stages.  The AUDUSD may extend as high as the channel resistance line over the next several weeks.  Only a decline below .8120 would suggest that a top is in place.       
 

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