A.M. Look 3/25/11

Last qtr’s high in the Aussie was 102.58…monitor this level! Price action above and it goes again…It will need a close below 101.60 AUD/USD to confirm a double top high. I think this unlikely with the stock strength I am expecting into the first 2 days of April.

I will be looking to see where the first break in the Indices hold today, then we will entertain adding to some of our longs like AAPL for a qtr end trade.

82 Usd/Jpy is the breakdown level for Yen weakness.

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