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AUDUSD Overview 2017

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
7
Audusd is completing the retracement on a 4th wave corrective pattern, it will rise and retest the top of the channel (green) and reverse for another bearish wave or breakout and rise to .80--.84 before falling for the 5th wave. This year should complete the 4th wave and start the 5th wave down. Overall outlook is bearish with short term bullish to the reversal point.

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