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Jamie's Pick: 02/13/12

Jamie's Pick: 02/13/12

Research, Research Team

Suspicions that the AUDUSD decline would prove corrective have been confirmed as the decline from the top is in 3 waves. Expectations are for additional strength towards 10900 and perhaps a test of the record free floating high at 11080. 10720 is short term support and longs area favored against Friday’s low.

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