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Jamie's Pick: 05/31/12

Jamie's Pick: 05/31/12

Jamie Saettele, CMT, Sr. Technical Strategist

The low in the AUDUSD is not confirmed by the NZDUSD. The implications are for a recovery into early June. It’s usually better to buy relative strength thus I favor NZDUSD longs over AUDUSD longs. NZDUSD Trading Levels: 7450 7490 7600 7650 7740 7810

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