AUD/USD Weekly 4th October 2008

AUD Weekly and Daily charts


AUD heading down into October lows, and will be defined by both Weekly 50% levels next week.

Keep in mind the trend and keep short trading the 3-day filters and 5-day 50% levels.

Thank god for the Euro last week becasue nothing really aligned with the my timeszone, and I spent more time concentrating on the Euro.

Both the AUD and YEN which often provides the most return ended up losing.


AUD 2 trades

2 losses 29 pips

YEN

5 trades

1 winner 28 pips
4 losses 55 pips


Note:- there will be no intra-day blog posts, as I'm away for the week.

Next AUD Report 7th October on Tuesday.