Jamie's Pick: 04/09/12
Volatility and the lagging nature of the AUDUSD in recent weeks are just a few reasons to be short. Focus remains on the year to date low at 10145. A break below the channel would suggest that a 3rd wave impulse is underway towards December pivots at 10043 and perhaps 9860 (161.8% extension is in the middle of those levels but I place more importance on prior pivots than Fibonacci). 10350 is resistance. I’m bearish against 10462.
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