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Forecast AUD USD

Forecast AUD USD (AUD/USD) exchange rate for 11/01/2011

Technical indicators generate a pretty decent quality sell signal

Entrance just below 1.0550

Target #1 just above 1.0450

Target #2 just above 1.0300

Can bounce from 1.0500

Trailing does not seem to be helpful, need to move the stop if the first target reached

Watch for MACD crossovers on the hourly chart = stop

Always use protective stops

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