FOREX AUD/USD 19th August 2008 part 2


AUD 15:20

Expectation that the AUD would swing back into brown filter, and if there is going to be a continuation down it should hopefully reject down from this level.

First 4 hour pattern has stalled under @ 15.00 and hopefully by 19:00 it's pushing lower and below the 5-day 50% level into Tuesday's lows.

Note:- it's trading above Tuesday's 5-day 50% level so there is no guarantee of any downside move on Tuesday