Jamie's Pick: 03/10/11
While it is too early to proclaim that the AUDUSD is in a 3rd (or C) wave lower, today’s decline increases confidence in the downside and shifts focus to former pivot lows at 9943 and 9967. The AUDUSD has been quite a nuisance of late with its tight ranges but persistence and patience may yet pay off. Risk should be above 10135. The target remains open for now.
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