The pattern (Monday) is once again looking for a down move of 90-95 pips whilst price is trading below the Spiral tops....
Support:- Tuesday's 3-day lows"
Yesterday's Report...
AUD Daily and 3-day patternAUD reversed down from the Spiral top and completed the 95 pip move, and price continued lower on Monday breaking the 3-day lows (bearish pattern).
The UP trend is dependant on Tuesday's 3-day lows..... therefore I would be looking for a continuation of the breakout from Monday and down into Tuesday's lows....
The Rest of the Trading week will then be defined by how price re-acts with Tuesday's lows...
Note: Break of the Weekly 50% level, along with a break of the 3-day lows and traders need to keep in mind a price ortation back towards June's 50% levels @ .9388
