Jamie's Pick: 12/19/11
The best bet for AUDUSD is a triangle or flat from the October low (with the current rally from the November low as wave C). Near term, a test of the gap from the 11/28 open (and trendline) is still favored in the 9775-9800 area as long as price is below 10030. A larger rally is then expected to commence and eventually exceed 10377. So I remain bearish but do expect to turn bullish soon (maybe this week). At the moment (Monday morning), the high for the day remains the Sunday open, which is statistically significant and therefore bearish for the day.
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