Wednesday, September 18, 2013

18 Sep 2013

GU - An up and down day closing a shooting star. US session had no follow through on its move lower on 16th. 4hr sideways for now finding support above W M3 and the bottom of the gap up. Retaining up bias until D gives a clearer 3-7 day reversal pattern.

GBPAUD - D closed negative. 4hr on a lower high and also a higher low. The support yesterday rejecting the move below 1.7000 but against that we did not move up much. Bias down but we could easily flip up.

EJ - D higher low closed positive at the resistance area 132.50. Bias up but we could fall from the resistance level.

EURAUD - Very similar picture to GBPAUD. D closed negative, 4hr on a lower high and higher low, small bounce up from support. Bias down but we could easily flip up.

AUD - D closed positive. 4hr last close was positive so it appears we are on a higher low. Bias up.

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