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AUDUSD Elliott Wave Analysis: We Favor Shorts

FX:AUDUSD   Australian Dollar / U.S. Dollar
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AUDUSD found a low just beneath 0.7558 and turned up in the last few days, probably into a temporary corrective rally. This can be wave 2) that is already showing a corrective structure on the lower time frames which can stop at 0.7730-0.7780 resistance. An impulse sell-off from there will send pair into a new strong bearish impulse. Invalidation level is at 0.7936. Get 2 month service @ price of 1 >> http://www.ew-forecast.com/service
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