6th November 2008 AUD, EURO Daily

AUD Weekly and 3-day pattern


Consolidating trading day on Wednesday between support and resistance levels.

There is a slight shift in support from below to above, along with a rejection of the Weekly 50% level could send the AUD down on Thursday....



EUR Weekly and 3-day pattern

Range trading on Wednesday, but there is a shift of the 3-day filter to above...

No probability on Thursday's trading....

but if it's pushing down from the higher timeframe 50% levels and breaking the 5-day 50% level, then the bias is to continue down on Thursday.

  • 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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