FOREX AUD/USD 20th June 2008

"Today:- Thursday looks to be pushing up into the highs, and expected pattern would be to come back down and test the Weekly 50% level as support..."

Yesterday's Report...


AUD daily and 3-day pattern

Expectation of a push higher on Thursday, and as shown in the charts above, expectation of price reversing back down into the Weekly 50% level on Friday.

Note: a reversal pattern from a higher open has a random length, meaning that any reversal down has an expectation to close lower, which could go as far as Friday's low.

Any data released on Friday will obviously spike prices

  • All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
  • Exact levels shown for current day aren't confirmed until midnight GMT




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