27th October 2009 AUD Euro Daily

AUD Weekly and 5-day pattern

I'm basing my total view on currencies based on the price action in US equity markets.

If Tuesday follows SET-UP A then currencies will drop considerably on Tuesday and over the next few days.

That means the 3-day filters and 5-day 50% levels are the trend guides on Tuesday:- resistance.

Euro Weekly and 5-day pattern

The same applies on the Euro:- currently supported around the 5-week 50% level, and could remain so during the day, but during US timezone if below the weekly 50% level...

price is heading down into the 3-week lows.






  • All Daily forex reports are written before 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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