11th MAY 2009 AUD, EUR, GBP/USD

AUD Weekly and 5-day pattern

AUD has reached it's Yearly 50% level, and my feeling it needs to pull back and consolidate.

There was a breakout of Friday's 5-day highs, so there might not be sustained selling on Monday...

Simply trade on the side of the levels shown.

Euro Weekly and 5-day pattern

Euro is the only one that isn't trading near its MAY highs.

Friday breakout and expectation that price should come back and retest the breakout:- 5-day 50% level.

Monday's 5-day highs random resistance

GBP Weekly and 5-day pattern

most currencies had a 5-day high breakout on Friday, this normally sees a higher move on Monday or a retest of the 5-day 50% level.

Resistance:- Monday's highs

Random support the 5-day 50% level







  • All Daily forex reports are written after 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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