12nd June 2009 AUD, EUR Daily



AUD Weekly and 5-day pattern

AUD pushed higher on Monday into the 3-day filter.

I have a view of higher prices in the AUD, but I would also like to see a reversal down to retest Friday's break or at least into the 5-day 50% level

2nd day reversal down after Monday's UP move should be defined by the 3-day filter on Tuesday




Euro Weekly and 5-day pattern

Euro is already trading near the 5-day high breakout from Friday.

Tuesday is an each way bet based on the Yellow filter...

It can push price down, but it also can rise up towards Tuesday's 5-day highs once again




  • All Daily forex reports are written before11.00am Sydney Time, which is approximately Midnight GMT
  • Exact levels shown for current day aren't confirmed until midnight GMT





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