24th August 2009 AUD, EUR Daily

AUD Weekly and 5-day pattern

There is a bias to continue higher towards August highs, but at this stage I'm not sure the AUD will move higher than Monday's 5-day highs during the Asian and GMT tradign hours.

Weekly 50% level support


Euro Weekly and 5-day pattern

Same applies on the Euro:- once the R85 range completes it can continue to move upwards another 85 points...

or because it's a spiral high @ 1.4368 and trading near the 3-day filter ranges, price can continue down into the 50% levels.

Weekly 50% level support.

Trend guide 1.4368-71








  • 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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