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Thursday, December 19, 2013

AUD/USD - Close to a bottom?

AUD/USD:

Is close to the bottom of wave 1 of C lower. As long as resistance at 0.8970 protects the upside I will be looking for a continuation lower towards 0.8779 and maybe even 0.8688 before wave 1 is finally done. From the 0.8688 - 0.8779 area we should see a correction higher towards at least 0.9137.

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