30 DEC 2010, EUR, AUD, Daily



AUD Weekly and 5-day pattern

AUD should complete the December highs matched with Thursday's highs.

Trailing support @ 1.0148



Euro Weekly and 5-day pattern

My view was for the Euro to continue down in the first 12 hours yesterday, but instead it consolidated into the next 12 hours, and then continued upwards.

Trend guide once again the white channels...

Based on the current price action it looks like moving towards Thursday's highs, and could be moving back towards the January 50% level, next week.

Trailing support the 5-day 50% level (brown filter)