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February 13, 2012

AUD/USD bearish reversal remains active

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AUD/USD's bearish reversal signal remains active, despite today's intraday bounce. Next resistance can be found at 1.0890 and 1.1081 (27th July peak). Remember, failure to sustain a close above 1.0753/65 (Sept/Oct peaks) suggests temporary momentum exhaustion and perhaps a resumption of the bear... FF News: Technical

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