FOREX AUD/USD 12th June 2008

AUD Daily and 3-day pattern

This week's break of Monday's lows and continuation below the Weekly 50% level, and expectation is that AUD was heading back down into .9338

This move has completed by reaching Thursday's lows, with matching price.

At this stage these 3-day lows are support, but not part of a major UP swing.

If looking to go long around these lows keep stops tight :- don't trade longs elow Thursday's lows