2nd December 2009 USD, AUD Euro Daily

AUD Weekly and 5-day pattern

Expectation that prices should continue higher towards the Weekly highs and December highs.

There is a breakout on the channels in the spiral range, and this should continue higher.

However, around .9274 will be a pink filter...

that's either going to push the market higher once again

or reverse back down into the 50% level @ 9152 (monthly balance point again)

Euro Weekly and 5-day pattern

Random resistance weekly highs @ 1.5149

• 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