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Friday, May 28, 2010

AUD/USD - The correction from 80.70 is almost over

The ideal target zone for the correction has been reached and it's just a question of time before the correction is finished. The low 85 area has been reached and there is a small posibility that we could see a slight extension higher to 85.85, but I would not wait to long and hope too much for that outcome.

A break below 84.84 would confirm the top is in place.

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