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Jamie's Pick: 10/23/2012

Jamie's Pick: 10/23/2012

Jamie Saettele, CMT, Sr. Technical Strategist

As I type, the NZDUSD long position (stop is 8108 and entry was 8190) is in danger. Potential support on a break comes in at 8080 and 8011.

The GBPUSD short has fared quite well. Half of the position was exited at 16010 on Friday and the other half remains in progress with a 15900 objective.

I am short AUDNZD from yesterday with a 12700 stop and 12490 objective. Entry was 12642.

The AUDCHF long was exited last night for a small gain. This may have been a mistake as price is currently about 20 pips above my exit.

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