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Australian Dollar Crosses: Corrective Decline Expected

Discussion in 'Technical Analysis' started by ActionForex.com, May 1, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    We maintain our stance that a multi-year top is in place at 1.0823 but the rally through the trendline has us worried that 1.0131 is in jeopardy. 1.0131 is the 'line in the sand' and must remain intact if the larger AUDCHF bearish bias is correct. There is potential resistance...

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