24th July 2009 AUD, EUR Daily

AUD Weekly and 5-day pattern

There is no view on Friday, as price will either try and close Friday on its highs or near its lows.

A lower Weekly close will line up with a lower Weekly open and Support next week, with an Expectation price will rise up towards 83+

Trade on the side of the Yellow filter

Euro Weekly and 5-day pattern

Exact same view on the euro...

Either price will close higher or pull back towards the 5-day lows and next week's support.

Because price is already below the 5-day 50% level (11am), the bias is to move down.

Above the red filter and Euro is closing higher.








  • 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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