Jamie's Pick: 09/13/11
The AUDUSD is at a crossroads as price is in the middle of its recent range. Having bounced from the mid August pivot low, lightening up on bearish positions is suggested. A more bearish outcome is possible as long as price is below 10662. One alternate possibility is presented above in which the decline from 10762 is wave x. The implications would be for a move above 10762.
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