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May 17, 2012

Mid-Week Forex Forecast

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The Aussie found support just below 99.00 today after selling off over 500 pips over the previous 3-weeks. While this pair is still in a 3 month bearish pattern, it's right on top of a confluence of long-term support including Weekly Pivot S2 and a secondary pattern line - see Figure 1. The Aussie... FF News: Technical

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