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Wednesday, August 26, 2009

AUD/USD - Minor wave iii down is about to begin

(Click on the picture to enlarge)

The powerfull minor wave iii (pink) of iii(red) is on its way. This should bring us down to 82.45 and possible even 81.56 again.

A break below 81.56 will be the real trigger for a fall down to next strong support at 77.00 and much further to fall longer term.

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