10th Dec 2008 AUD & EUR/USD Daily



AUD Weekly and 3-day pattern

AUD trading between Weekly highs and Weekly 50% level.

At this stage the expectation is that any breakout above the Weekly highs might come closer to Friday and continue upwards towards the December 50% level.

Ideally I would like to see AUD move back down into the 3-day lows over Wednesday/Thursday and bounce.

Wednesday:- no probability pattern

Euro Weekly and 3-day pattern

Expectation price is moving towards the Weekly highs on Wednesday.

Weekly highs resistance