FOREX AUD/USD Weekly 2 August 2008

AUD Weekly

AUD about to complete the reversal down into .925 cents...


AUD Daily

Looks to moving lower into August lows, and then an UP swing back into the 50% levels.

It's a shame that the test of the August 50% levels didn't occur before the trend continued down into .925

AUD 3-day pattern

AUD could continue down on Monday into the lows.

The ideal pattern would be a reversal UP into the 5-day 50% level and then trade down into the Weekly lows.

If Monday continues down into Support, then I would look for Tuesday for any potential UP swing.