31st MAY 2010, Euro, AUD, Daily



Euro Weekly and 5-day range

Last day of the month and price looks to be rotating back towards the June 50% levels.

Trend guide the 5-day 50% level on Monday:- 1.2286-300




AUD Weekly and 5-day pattern

Same expectation as the Euro, however price is trading below the MAY low, which may resist Monday moving higher @ 8663.

Yellow trend guide @ 84.72.

Note:- there is still a break and extend pattern that may occur in the Weekly timeframe:- break out of the Weekly lows and extends down into the Weekly lows, however whilst above the white channel the bias is to rotate towards the June 50% levels