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Australian Dollar Crosses Crawl Higher

Discussion in 'Technical Analysis' started by ActionForex.com, Jul 17, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    Focusing on the big picture, the decline from 1.0546 (2004 top) is in 3 waves. 3 waves indicate a correction, which should be fully retraced. Therefore, the long term bullish target for the AUDCAD is not until 1.0546. Near term, trendline support is at .9536. An A-B-C correction could be...

    complete article here...

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