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Afternoon Technicals (all charts)
Morning Notes:
S&P – 5 waves down from the 3/27 high and the subsequent recovery give scope to a sharp 3rd wave decline today/next week. Get ready for April showers.
Prepared by Jamie Saettele, CMT
AUDJPY – The short term (and maybe long term) bearish equity pattern reinforces last night’s Yen crosses report. Resistance is 8610/60. Objectives are 8385 and 8285.
Prepared by Jamie Saettele, CMT
To contact Jamie e-mail jsaettele@dailyfx.com. Follow me on Twitter @JamieSaettele
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Jamie is the author of Sentiment in the Forex Market.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
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