17th Sept 2009, AUD, EUR, Daily

AUD & EUR Weekly

Currencies following the trend higher on Wednesday, with the EURO having more room to rise, as per 3rd Quarter pattern

AUD 5-day pattern and spiral filter


After the 2 day pattern at the start of the Week, Tuesday's late close above the 3-day filter set-up higher moves on Wednesday


Wednesday resulted in a pink to pink move upwards, and because there is a breakout of the 5-day highs on Wednesday there is an expectation that the AUD will continue higher on Thursday.


However, I'm not sure how much higher than 87.76

Euro 5-day pattern and spiral filter.

Expected continuation upwards on Wednesday using the 3-day filter as support, and resulting in a pink to pink move upwards.


Even though there is a view of higher prices, at this stage Thursday isn't providing a set-up for a higher move, unless there is a late breakout above 1.4714 before 11am...


and price continues higher once again completing the next R85 range upwards.






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  • Exact levels shown for current day aren't confirmed until midnight GMT




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