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Friday, October 14, 2011

Jamie’s Pick: 09/27/11

I remain of the persuasion that the AUDUSD is headed lower. In fact, the rally from 9620 fits as a 4th wave within the decline from 10764. A top and reversal is expected at / close to current price (9970). Bearish objectives are the November 2010 low at 9534 and the 2009-2010 double top at 9400.

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