7th October 2010 , Euro AUD, Daily

Euro Weely and 5-day pattern

Euro has reached the Octobe highs and in my opinion begins to hit major resistance levels, as the USD begins to hit the July lows.

A proper reversal pattern might not happen until next week, but there are a number of levels to keep an eye on...

Especially if price is trading below 1.3877.

At this stage the trend guide is 1.3913 and looks to be moving up into Thursday's highs.


AUD Weekly and 5-day pattern

AUD has reached the Yearly highs @ .9786

There is still a possible move up into the Weekly and monthly highs.

Trend guide @ .9774.

Random support as shown @ 9705-9715.

Support levels only valid for the first 12 hours.