16th April 2009 AUD, part 2

AUD Weekly and 3-day pattern

AUD selling down from the April and Weekly highs along with the 3-day filter.

The 4 hour pattern is breaking the 5-day 50% level....

In my opinion this short is a hold down towards the 5-day lows @ .7173

and it could even break, as it goes looking for the Weekly 50% level.

Once partial exit around the 5-day 50% level @ 7265 hold with stops above today's highs



  • All Daily forex reports are written aftr 11.00am Sydney Time, which is approximately Midnight GMT

  • Exact levels shown for current day aren't confirmed until midnight GMT




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