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Jamie's Pick: 04/03/12

Jamie's Pick: 04/03/12

Jamie Saettele, CMT, Sr. Technical Strategist

I was stopped out last night on the RBA spike. The AUDUSD has done nothing but decline since then stopping me out but this is sometimes the nature of trading. I do favor a breakdown and test of the 2012 low at 10145 but the choppy nature of the AUDUSD decline has made entering the short with proper risk management difficult. If I do anything, it'll be noted on Twitter @JamieSaettele.

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