I want to be short for the US equity open as the near term pattern is especially bearish. In fact, the short term (and maybe long term) bearish equity pattern reinforces last night’s Yen crosses report. AUDJPY resistance is 8610/60 if price exceeds last night's high (I'll look to return to short side at those levels if stop is hit at 8570. Eventual objectives are 8385 and 8285.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.