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October 8, 2012

AUD/USD – Double Bottom at the base of a Double Top

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Double bottom: The AUD/USD formed a double bottom in the 1H chart. There was slight oversold condition shown by a bullish divergence with the RSI. However these conditions have been resolved, and price has almost reached the double bottom breakout target, with retracement to 38.2%-50% of the latest... FF News: Technical

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