4th August 2009 AUD, EUR Monday

AUD Weekly and 5-day pattern

AUD continues up following the August trend and friday's 5-day high breakout.

Today:- I would like to think that the AUD could stall and reverse down from Tuesday's 3-day filter (41 pips- 84 pips)....

But it can also continue upwards....

Euro Weekly and 5-day pattern

I wasn't expecting a 5-day high breakout on Monday, but I was expecting the trend to continue upwards in August.

There is a 5-day high breakout on Monday, therefore price should continue upwards into the August highs...

The 3-day filters are the trend guides on Tuesday(either way)








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