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Monday, March 22, 2010

AUD/USD - Wave 3 down is ongoing



Wave 2 found its peak at 92.51 just below its ideal target at 92.64. Wave 3 down should now be ongoing and a break below 90.94 will confirm the peak and the wave 3 decline. First target would be the wave b low at 87.99, but we should see wave 3 fall to at least 80.23.

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