9th Feb 2009 EUR, AUD, GBP Daily part 2

AUD Weekly and spiral filter

As per morning reports:- higher opens and expectation of a pullback.

AUD pushed upwards on Friday shifting the Weekly 50% level to .6755

Higher Weekly open and looking for a move back down into the February 50% level @ 6565 Random support.

At this stage I’m not convinced that the Monthly 50% level is a robust support
zone that’s going to send the AUD higher. Therefore I would need to verify
support by exiting shorts, and only then trade longs from a lower daily open
rising upwards from support levels.

Partial exit + 85