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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

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    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...

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