18th Feb 2009 AUD, EUR, GBP/USD Daily



AUD weekly and 3-day pattern

All global equity and currency markets are looking to push down towards their February lows.

Breakout of the 5-day lows and expectation that price move continue down on Wednesday.

5-day 50% level and blue filter resistance.

No guarrentee that Wednesday's 5-day lows will hold


Euro Weekly and 3-day

As expectation as the AUD

GBP Weekly and 3-day pattern

3-day filter trend guide...

GBP looks far more supported than the others, but the bias is to continue down.

If GBP is trading above the 5-day 50% level, which is also above the 3-day break and Weekly 50% level, then there is a bias to move upwards.