News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
Wall Street
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Jamie's Pick: 05/10/12

Jamie's Pick: 05/10/12

Jamie Saettele, CMT, Sr. Technical Strategist

Most of the AUDUSD short was exited last night on the break above the Asian opening range. It was the first time that price had held and broken above the Asian opening range since May 4th. Price has entered the 10135/65 resistance zone (5 day average and short term pivot on Tuesday) mentioned last night on Twitter. Keep an eye on resistance in the AUDNZD (12890) and the S&P (1370/75 for e-mini) for help in position sizing and timing the AUDUSD. 9975 and 9860 are the next bearish objectives.

If you want to learn more about specific timing strategies (opening range for example) and my trading, then join my next week for a trading bootcamp.

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

DISCLOSURES