16th Dec 2008 AUD & EUR/USD part 3



AUD 14:40

Last Thursday there was a rally on the break of the 3-day filter. (yellow)

Last friday price reversed back down from the 3-day filter.

Today price is pushing down early on Tuesday from the 3-day filter @ 6705

On each occassion and yesterday price was being pushed away from the 3-day blue filter. Either prices was supported or attracted on Friday.

Today price is currently being supported @ 6683 but below 6705, therefore the AUD can go either way.

I'm bullish, and If the AUD is going to continue higher it will need to rise up from 3pm and 'HOOK on the R41 above the brown filter @ 6692.

The same pattern as last Thursday.