23rd Sept 2009, AUD, EUR Daily

AUD Euro Weekly

Currencies continue higher and following the September high breakouts with the euro moving into the 3rd quarter highs.



AUD 5-day pattern and spiral filter

Yesteraday's report was written two hours before the Tuesday started and the completion of the spiral range.

I was looking for a 41 pip down move, but when the completion occur in Wednesday and above the 3-day filter, the bias was to follow the September high break towards the Weekly highs.

No probability pattern on Wednesday.

Spiral filter resistance @ .8803

Euro 5-day pattern and spiral filter

pink to pink move on Tuesday and Wednesday is starting from a higher spiral filter.

There is a breakout of the 5-day highs on Tuesday, therefore the bias is to continue higher on Wednesday...


However, whilst below the pink filter there is a possbility that price is moving back to retest the breakout and 5-day 50% level.







  • All Daily forex reports are written aftr 11.00am Sydney Time, which is approximately Midnight GMT



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




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