26th November 2008 AUD, EURO part 3

AUD 12:03

As pointed out in this mornings report, I have differing views on both the AUD and Euro.

AUD Weekly support and brown filter support...

Long .6457 partial exit .6484 + 27

Two probabilities for this 4 hour timeframe....

either the AUD moves up 41 pips resulting in a HOOK above the filters and a continuation upwards into the 3-day high...

or...

it completes the R41 range @ .6494 and reverses down, as it's trading below the intra-day filters and looks to be moving back down into the 5-day 50% level.

Holding AUD (breakeven entry stops)

Holding for 3 day high or pink to pink on the upside....