16th Sept 2009, AUD, EUR, Daily

AUD & Euro Monthly

We can see the trends in both currencies but the markets dynamics different in each.

AUD is capped around upper resistance levels and the 3rd Quarter

Euro is trying to move towards the 3rd Quarter with a September high breakout.

AUD Weekly and Euro Weekly

We can see the price action in the AUD moving sideways because it's currenlty being supported above the 3rd Quarter highs but below the September highs (Monlthy chart)

Euro has more upside to Run during this month.

AUD 5-day pattern in Spiral filter

Early resistance on Tuesday around the 3-day filter, but no follow through on a complete R84 range.

At this stage the 5-day 50% level is the trend guide, along with the R84 high @ 86.49

Euro 5-day pattern and Spiral filter

September high breakout and heading higher....

3-day red filter is the trend guide on Wednesday, and at this stage the view is to continue higher.