15th July 2009 AUD, EUR Daily

AUD Weekly and 5-day pattern

Rising up from July's 50% level, and a breakout of the 5-day highs on Tuesday should continue higher towards the monthly BP @ .8038

Support 7900-15

Wednesday's high randon resistance.

Euro Weekly and 5-day pattern

Euro remains choppy and I would still like to see price come down and test the July 50% levels before any continuation upwards.

I'm not sure that down move will happen on Wednesday, but anything is possible if price is below the 5-day 50% level.

no probability pattern on Wednesday

  • All Daily forex reports are written before 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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