3rd August 2009 AUD, EUR Monday

AUD Weekly and 5-day pattern


AUD closed above Friday's 5-day highs therefore I would think AUD would continue up into Monday's highs following August dynamics...

I would be tempted to try and Short AUD because of the higher Weekly open, but because of Friday's pattern, I would think it would follow a push upwards.

Trade on the side of the brown filter.

Euro Weekly and 5-day pattern

Based on the 5-day pattern from Friday, I would'nt be tempted to trade longs at this level.

Random pattern & resistance on Monday's highs.

Trend guide for the rest of Monday is 'Sunday's Yellow filter @ 1.4270