3rd Mar 09 AUD, EUR, GBP/USD part 2
AUD, EUR, GBP 3-day patterns
There are no probability patterns today, therefore it's about trading the 4 hour patterns.
AUD: moved up and has a breakout of the 3-day filter on the news of no rate cuts
Above resistance at 3pm, and therefore the expectation price is either to move back down into the 3-day filter @ .6350 and consolidate above
but there is a bias to continue higher whilst above the 3-day filter.
EURO:- up move into the 3-day filter from 1.2570 and into 1.2631.
3pm 3-day filter resistance, but the closer it moves to 7pm it can go higher on a break towards 1.2666
GBP:- rise into 1.4113 and stall at 3pm.