FOREX AUD/USD 12th August 2008

AUD Daily

AUD heading down into the Weekly lows.

Monday had the first sign of a short-term reversal back into the 3-day filter, and the AUD has continued down towards the Weekly lows.

I would like to see the AUD find support around the Weekly lows, and then look for the next probability pattern the day after.

Random support:- Tuesday's and Weekly lows

First sign of a reversal in the current week will be a breakout of the 3-day filter on the upside.

  • 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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