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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: verdad who wrote (2782)3/17/2003 4:37:54 PM
From: Chip McVickar  Read Replies (1) of 12411
 
Here's a chart going back to 1994
about:blankhttp://futures.tradingcharts.com/chart/AD/

Drawing a pitchfork median line off the low of 55 in 1998, and you'll find its median line was reached in the March 2003 push to 61.78..... another natural point for charge of trend.

Regardless of the fundamentals and geopolitical activities, the Aussie dollar looks primed for a retreat to atleast .55 as I indicated earlier. Only thing that would change the read is a close above 62.553.

We'll See....!
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