5th MAY 2011, AUD, Daily Part 2


AUD/USD 15:35

Exact same pattern as yesterday....

Early move down into Thursday's Random support and a 41 pip rise (partial exit)
with the expectation that the range will try and complete 84 pips during the current
12 hour range

However, the Weekly levels are now different, as yesterday was above, and today
is below...

Therefore the same pattern can play out as yesterday, or it flatlines until 11pm,
and then decides whether it moves up 84 pips, or sells off down into the
Weekly 50% level @ 1.0640, and as low as 1.0550 (MAY 50% level) by Friday