29 DEC 2010, EUR, AUD, Daily



Euro Weekly and 5-day pattern

After yesterday's spike up into the Weekly 50% level and reversal back below the Weekly level...it now looks like moving down into Wednesday's lows using 1.3117-9 as the trend guide.

if for some reason the Euro is above those levels, then it's a minor swing back towards the 5-day 50% level and brown filter




AUD Weekly and 5-day pattern

Continues to look like it is moving towards the December highs.

Trend guide @ 1.0098

random resistance @ 1.0134 .

Note:- AUD has already reached the Weekly highs, therefore below 1.0098 could see intra-day weakness

  • 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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