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Jamie's Pick: 03/14/11

Jamie's Pick: 03/14/11

2011-03-14 14:42:00
Jamie Saettele, CMT, Sr. Technical Strategist
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While it is too early to proclaim that the AUDUSD has topped for good, I continue to favor the downside against 10200 as per the 5 wave rallies at multiple degrees of trend. On Friday, the pair rallied furiously into the close. However, notice the tendency for large range days to be fully retraced in a matter of days.

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