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Saturday, July 17, 2010

AUDUSD weekly..

Bear case..I like the 23 week ma moving below the 50 week ma ..just...waiting to see if we get a more decisive move down..or if this is consolidation for a move higher...

We could be forming a bear flag for the next move down in which case I expect a break of the "flash crash" lows around 80..

if we are in a bull run a move above 89/90 means new highs or at least a test of the old highs

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