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Aud/Usd; Wave 5) in Progress, S&P Futures; Long-term Bullish; Near-term Bearish-Corre

Discussion in 'Technical Analysis' started by ActionForex.com, Jul 28, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    On the aussie weekly chart, we are looking for a corrective red wave 2/B since the market has fallen sharply down to the previous wave 1/A. Wave 2 or wave B usually retraces 61.8% of the previous leg, which means we may see a move up to the 0.8400 area...

    complete article here...

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