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August 24, 2012

AUD/USD - Selling pressure is increasing - MIG Bank.

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• AUD/USD is testing the low of its rising channel. Further weakness is favoured towards 1.0177 (25/07/2012 low). • The rise started on 1 June is fading. Coupled with the long-term down trendline, we are inclined to short AUD/USD. FF News: Technical

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