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11th Jul - Wheat Breaches 76.4% Support

11 July 2014

WEEKLY CHART –

CONTINUATION:

This year saw a good rebound off

the long term 76.4% retracement

support. However, the bulls went

home and, now, this support has

been violated, with the 2009

425.25 low becoming the focus.

DAILY CHART – Sep-14:

The current downleg has

breached the Jan 565.50 low, with

little sign of bear fatigue yet. The

next target on this chart is the

Fibo projection at 450.00, slightly

above the 2009 low.

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11th Jul - AUD/USD Hits Key Resistance

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04th Jul - USD/CAD at Pivotal Support

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