FOREX AUD/USD 20th August 2008

AUD Daily

Weekly balance point resistance, but as pointed out currencies will begin to rotate back towards the August breakouts.

It's a bit early to tell whether it will be on Wednesday, but if it is, it should be supported above the 5-day 50% level and trading above the 3-day filter during GMT hours and moving towards Wednesday's highs.

No probability pattern on Wednesday other than trading on the side of the 5-day 50% level (brown filter)

It's either going to continue higher and follow Wednesday highs, or remain in a tight sideways pattern (choppy) :- Weeky breakout and Weekly balance point resistance.


  • 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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