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Thursday, August 27, 2009

AUD/USD - Minor wave iv target is in the 82.95 - 83.08 area

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Minor wave iii down from 84.25 clearly finished at 82.37 and I'm looking for minor wave iv to end in the area between 82.95 - 83.08, from where minor wave v down to the 81.58 - 81.68 area should be seen. That should end wave i of iii and call for a new correction back to 83.08 ending wave ii of iii.

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