FOREX AUD/USD Weekly 15th MAY 2008

AUD Weekly chart

UP Trend in price....

However....'Drops' in forward Quarterly timeframe is forewarning weaker patterns ahead...

First sign this week has been the break of the Weekly 50% timeframe.....

Confirming pattern will be a break of the MAY 50% level....

Price action to keep an eye on would be an UP day today :- test Weekly 50% level...

And a higher open next day and price begins to SELL down:- test and reject pattern...