Jamie's Pick: 06/14/12
I’m still playing the risk on/off waves through the AUDUSD (keep it simple, the game is difficult enough). As mentioned Tuesday, “trade with the larger trend but decrease size on weakness at support and increase size on strength at resistance.” The AUDUSD has exceeded its 9965 resistance the last few days but not by much and not for very long. More importantly, the Sunday night high has not been exceeded. The current level / 9980 is resistance and support is 9885/9900 (if a triangle) for today.
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