FOREx AUD/USD 18th August 2008

AUD daily...

Looks bullish on Monday:-

Breakout on Sunday's 3-day high and trading above the 5-day 50% level...

Looks to be pushing up into the 3-day filter high....:- Random resistance.

If watching the AUD closely on Monday and wanting to trade longs, look for a test of the brown filter during GMT hours, and if it's going to continue higher it should bounce off Friday's highs (brown filter), and continue higher during US trading hours.