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- 4 January 2005
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It would seem the AUD is on a charge up again...
But, looking a bit wider to the daily chart, I can't help but get my earlier feeling back that this correction should go back to the low .80's... based on FA that there should be a better run on the USD than we've seen on improved economic outlook, ie recession over... before the longer term weakening USD trend continues.
If my feeling is correct, this alternate count may kick in about the low .90's, any time now, to start an impulsive wave 'C' down to the low .80's.
south bias till 9055ish is broken, lower tops and lower lows... all this good eco data hasnt been able to put a bid on it.
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