Jamie's Pick: 10/01/12
In order to take advantage of the perceived top in risk, my focus is on shorting strength in the AUDUSD and NZDUSD (although the NZDUSD may sneak to one final high above Friday’s high). Expect resistance just above 10400, specifically 10417. This level is defined by the 61.8% retracement of the decline from Friday’s high and the 100% extension of the rally off of the low.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.