FOREX AUD/USD 29th August 2008

AUD Daily


No follow through on the upside on Thursday towards the 5-day highs, instead drifting back down into a lower close.

I'm still expecting a move back towards the September 50% level, which I though would have occurring by now, but it looks like the Weekly balance point isn't allowing any upside moves.

Next Week's balance point will once again be used to define the trend.

No probability pattern on Friday





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