2 Sep 2013

GBPAUD - D closed positive. Opened this morning with gap down and we have had a move up to close the gap. 4hr showing the sideways channel between 1.7300 and 1.7430 for the last few days. No bias.

EJ - D closed negative with a lower wick. The lower end of the 130.50-129.60 channel holding. No bias.

EURAUD - D closed with a lower wick the 1.4760 support area holding. Gapped down this morning, bias down.

AUD - D closed negative on the previous lows. Gapped up this morning and approaching the 0.8975 level where we sold off last week. We'll have to see if down cycle has broken. Bias up.