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FXCM

Australian Dollar Technical Outlook

Tuesday August 19, 01:34 PM

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The AUDUSD continues to consolidate near its recent low. 



The consolidation is probably a 4th wave triangle that will give way to a 5th wave terminal thrust.  Expect a new low, below .8591.  The psychological .85 level is potential support.  


Source:Jamie Saettele, Senior Currency Strategist strategist@dailyf

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