19th August 2011 AUD, EURO, DAILY

AUD Weekly and Daily

AUD has followed a similar pattern as Index markets and OIL, with the Thursday sell pattern.

Expectation that AUD is moving towards September lows...

However, there is the possibility that price follows the pattern as illustrated in the Weekly chart.

That means Friday's lows supports to current downward trend, but then continues lower next week

Euro Weekly and Daily

not as clear cut as the AUD, but my view is that the Euro will follow the move down into Friday's lows











  • 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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