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Jamie's Pick: 05/25/11

Jamie's Pick: 05/25/11

2011-05-25 15:13:00
Jamie Saettele, CMT, Sr. Technical Strategist
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The NZDUSD continues to hold up extremely well which is strange considering its previously tight correlation with ‘risk’. The near term pattern remains constructive as per the inverse head and shoulders pattern. A larger triangle or flat may be unfolding. The implications are for a test of 8100/20 before a decline towards the lows.

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