Weekly Analysis: EUR/AUD Large Triangle Setup

• EUR/AUD continues to swing within a Large Triangle Setup
• Failure analysis points to a possible breakdown and a move toward the 2005 Low
• High probability setup points to a move toward the triangle's upper boundary

Key Levels - Current Price: 1.5814

Level      Type            Significance
1.6634    Resistance    50.0 Fib of the 1.7714-1.5543 AUD rally
1.6372    Resistance    38.2 Fib of the 1.7714-1.5543 AUD rally and Triangle's upper boundary
1.6055    Resistance    23.6 Fib of the 1.7714-1.5543 AUD rally
1.5800    Support         Triangle's  lower boundary
1.5543    Support         2005 Low

Weekly Chart 09-30-05

Daily Chart I 09-30-05

Daily Chart II 09-30-05

Daily Chart III 09-30-05

4-Hour Chart 09-30-05

Sam Shenker is a Technical Currency Analyst for FXCM.