Jamie's Pick: 04/23/12
The AUDUSD is finally breaking down. Focus is on the 2012 low at 10145. CPI tonight should spark volatility. 10145-10386 is the opening range for the year (first 2 weeks) and a break of the early year range would open up the floodgates towards 9860 and 9660. CPI on Monday should spark volatility. 10315 is resistance Monday. Risk on shorts can be moved down to 10390.
5 waves down and 3 waves up at multiple degrees of trend. The NZDUSD is on the verge of collapsing. 8190 is resistance and risk on shorts can be moved down to 8130. A minimum objective (probably this week) is 7910.
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