 | |  | | AUD/USD - the currency was hammered further --we misjudged the extent of the flight from the Aussie currency, as rate increases look unlikely for several months to come. The currency has been to .6990 and may fall further to .6980, which is perhaps low enough to encourage a recovery process to commence. The currency should resume the uptrend towards .7260 - .7300 soon. We may see a pullback to .7150 thereafter. But the scenario is unchanged -- a subsequent rally should set up further bull run to .7400 - .7450 objectives. Further out, we start focusing at .7750. |  |  |  |  |
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