FOREX AUD/USD 14th August 2008

AUD Daily


AUD had a slight UP day but no probability patterns to confirm any trades on Wednesday.

Thursday:- 3-day filter Resistance

Two plays:- rejection pattern based on the breakout of Tuesday's lows and sell down on Thursday:- expectation some resistance during GMT hours.

OR....

Weekly lows support price and it's the first sign that a 'short-term' bottom is in place and there is a breakout of the 3-day filter.

If the later occurs then probably during US hours.
  • 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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