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AUDUSD - Free Forex Market Analysis

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Sunday, December 30, 2007 at 10:15 GMT

No changed in our view, AUDUSD is in down trend. The rebound from 0.8551 is treated as consolidation to the down trend. Near term resistance is at 0.8918, as long as this resistance holds, down trend will continue. For long term analysis, AUDUSD is in consolidation to the long term up trend, Rise towards 1.0000 to reach the next cycle top on weekly chart is still possible after consolidation.

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