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Jamie's Pick: 03/22/12

Jamie's Pick: 03/22/12

2012-03-22 13:32:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

The AUDUSD has broken to monthly lows and focus is on channel support near 10325 today (at about 10305 tomorrow). 10203, the 100% extension of the 10856-10422 decline, is a more aggressive target. Resistance today is 10385-10415 and stops should be above 10490.

To contact Jamie e-mail jsaettele@dailyfx.com. Follow me on Twitter @JamieSaettele

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Jamie is the author of Sentiment in the Forex Market.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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