Australian Dollar Consolidates Following Plunge
Prepared by Jamie Saettele
The long awaited break may be underway in the AUDUSD. A drop under 9803 would shift focus to the December 2010 low (9537) and 200 day average. Short term resistance comes in at 9925 and 9970. I continue to favor short positions and risk can be moved to 10160. 9970-10050 is resistance.
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