28th August 2009 USD, AUD, EUR Weekly



AUD and Euro Weekly

Lower Daily opens and rising up into higher Friday closes (weekly highs)

AUD and Euro 5-day pattern

I didn't have a probability pattern on Thursday because of the position of the 5-day pattern and 50% level, along with Thursday closing below the Weekly 50% level

AUD & Euro 85 pip range.

At this stage if both currencies are going to move into higher prices on Friday, then I would like to see prices move down into 85 pips lows and use the spiral lows to trade upwards.

If the AUD continues higher and forms a higher spiral point @ 8440, then it's hard to be trading longs with price already near the 5-day highs and Weekly highs.