30th October 2008 AUD, EURO Daily

AUD Weekly and 3-day pattern


There is an expectation of a push higher towards the Weekly 50% level....

If AUD is going to continue towards Thursday's highs, then it should in theory find support above Wednesday's 3-day filter:- and Blue filter

Euro Weekly and 3-day pattern

Euro reached the Weekly 50% level on Wednesday, which can be a major resistance level in any downtrend.

But there is also the view that Currencies and Index Markets are looking to rotate back towards their November 50% levels next week.

Thursday:- currently there is a breakout of Wednesday's highs, which favours a continuation upwards

Thursday is simply defined by the 3-day filter:- random support





  • 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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