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September 26, 2012

AUD/USD holding at the end of a harmonic retracement

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Harmonic retracement: The AUD/USD followed through the breakout scenario noted in the previous update. The 1H chart shows the pair completing a swing projection. Some will view this as a harmonic retracement, more specifically a "butterfly pattern". the 1H chart also shows a bullish divergence with... FF News: Technical

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