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Australian Dollar Crosses Well Into Corrective Declines

Discussion in 'Technical Analysis' started by ActionForex.com, Aug 9, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    Bigger picture, the drop from 1.0823 is either a completed A-B-C decline, is wave A of a triangle, or wave C is still underway from near 1.0140. The rally from .8870 counts well as an impulse, indicating that the longer term trend is likely up. We wrote last week to...

    complete article here...

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