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August 7, 2012

AUDUSD Weekly Scalp Setup- Bearish Below 1.06, China CPI in Focus

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The Australian dollar seems poised for a correction lower after posting an impressive 10.6% rally off the June 1st lows at 9582, with price action now retracing 78.6% of the entire decline off the 2012 highs made in late February. AUDUSD options show that 3-month volatility expectations have fallen... FF News: Technical

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