16th December 2009 USD, AUD Euro Daily

AUD Weekly and 5-day pattern

At this stage the AUD should continue down into December's 50% levels.

Yesterday's higher daily open and 3 day filter down move should remain in a downward trend using the 5-day 50% levels and 3-week 50% level as resistance.



Euro Weekly and 5-day pattern

Euro completes the move down into the Weekly lows, which could result in a counter-trend move back upwards.

However, because of the 5-day breakout on Tuesday, at this stage I have to view Wednesday as continuing lower



  • 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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