5th Jan 2009 AUD, EUR, GBP/USD Daily

AUD Weekly and 3-day pattern 11:15am

As per Weekly report:- Friday close above January's 50% level with the expectation of higher prices.

Monday:- Ideally pattern for any higher moves this week would be for price to come down on Monday test the January 50% level, the Weekly balance point and the 5-day 50% level.

IF Monday can be supported above those levels then look for higher prices on Tuesday.



EURO Weekly and 5-day pattern

As per Weekly report:- Below Weekly 50% level and bias is to continue down into January's 50% level.

3-day filter resistance, if above then Monday's highs is resistance, which align's with Sunday's 3-day filter resistance.



GBP Weekly and 3-day pattern

As per Weekly report, bias is to continue down in January, but at this stage there is no set-up to trade any down move.

Ideally a move up into the 3-day filter, stalling around a 4hour top and then look for some weakness intra-day....

No probability pattern on Monday