20th July 2009 AUD, EUR Daily



AUD Weekly and 5-day pattern

Early rise on Sunday and moving into Monday's range at 11am

There is a larger Trend push coming from the monthly 50% level that should push AUD higher, but I would also like to see AUD move back down into the Weekly 50% level to verify this week's UP move.

3-day filter is the trend guide, but I don't have a probability on whether price will continue up on Monday or reverse back down into the 5-day 50% level.

Sunday's trading will close above the Monthly BP @ 8038, and last week has already closed above the Quarterly BP.


Euro Weekly and 5-day pattern

3-day red filter trend guide, however no probability pattern on whether it becomes support or resistance, as I would like to see price move back towards the Weekly 50% level

4 hour 'tops' in both currencies around their 3-day filters.




  • 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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