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Australian Dollar Technical Outlook Australian Dollar Technical Outlook
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Old 09-09-2008, 02:00 PM
DailyFx's Avatar
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Default Australian Dollar Technical Outlook
There is little doubt that a multiyear top is in place just shy of 1.00 but an AUDUSD rally is expected to begin soon to at least correct the deeply oversold RSI reading on the daily.



There is no evidence that suggests a low is yet in place although the psychological .80 figure could provide the support needed for at least a short term low.
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