The Brief Daily Forecaster 9th January 2008

DAILY FORECAST FOR AUDUSD

Bias: I suspect losses should now be seen to 0.6971 at least and possibly
0.6915

Having failed for a second time at 0.7267 the downside is now looking
stronger. While 0.7090 caps we could see this directly extending down
through 0.7025-31 to reach the 0.6971 intermediate target. While this is
likely to cause a pullback this is unlikely to ...

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