29 November 2010 Euro, AUD, Daily
Euro Weekly and 5-day pattern
Trend bias is down, but we have a lower Friday close and 5-day support, which often leads to a 2-day reversal pattern:- target 1.3407 (weekly level).
Trend guide during Monday’s first 12 hour period @ 1.3246/56.
A 2-day reversal will then align with the start of the new month and December
Random support 1.3205
AUD Weekly and 5-day range
At this stage the trend bias looks to be moving down into the weekly lows, which aligns with the November 50% level.
However, based on the levels in Monday's range, i'm not sure AUD will drop below .9628 to .9642 during the next 12 hours.
And there's no Friday low pattern that favours a 2-day reversal upwards.
Resistance .9720