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August 7, 2012

AUD/USD – A lower high is sought in the current region

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• AUD/USD met initial resistance close to 1.0600 today, peaking at 1.0603 thus far. WE now look for a sharp correction lower to target the 1.0400 region initially and then potentially on towards 1.0330. • Should this scenario pan out we would deem this to be a false break higher with scope the... FF News: Technical

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