25th Sept 2009, AUD, EUR Daily

AUD & Euro Weekly

currencies following the US equity markets into potential lower Friday closes.

Early on Friday (asian Timezone) the 3-day cycle lows in both will define whether there is ealry support and prices rise back towards the 5-day 50% levels.

AUD 5-day pattern and spiral filter.

If there is going to be a lower friday close, then Friday should be trading above 86.75.


At this stage there would be a bias to follow a pink to pink move down

Euro and 5-day pattern

Because the Euro is already around the pink filter, there can be a rise on Friday.


However, if price hits the 5-day 50% levels and is back under the pink filter 1.4641 then it's lower towards 1.4540 or another pink to pink.






  • 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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