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Friday, November 27, 2009

Sea Change or Much Needed Breather?

The Aussie broke it's trendline from March. After bottoming around .8950, price has now started to ease back up to the broken line.

Will it bounce back down & confirm a switch in sentiment?

Will it remain stuck in the .89-.94 range?

Was it merely a headfake to clear out the excessive longs built up?

Only time will tell... I'll take my 25 pips and run to the sidelines for now!

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