13th Jan 2011 Daily, EUR & AUD



Euro Weekly and Daily range

2nd support has sent the euro higher, and it now looks to be moving back into the Weekly 50% level, which matches Thursday's highs.

At this stage I would treat those highs and the Weekly 50% level as resistance during the first 12 hours.




AUD Weekly and 5-day range

Support as shown using the channel highs @ 99.37/51.

wirh the expectation that price is mvoing back into the January 50% level @ 1.0007.

however, I have no idea whether the AUD will break 1.0007 as it matches the Thursday high pattern (Resistance).

if it does it will be on the back of Employment numbers out at 11:30am today.