On Monday, the pattern 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....
Previous Weekly Report
AUD/USD 3-day pattern
Expectation that the AUD was reversing back down from a higher open on Monday and back towards Tuesday's dynamic lows.
Except Monday ended up moving down below the Weekly 50% level, and then the rest of the Week followed the market lower, as per Daily reports.
AUD Weekly and Daily chart
Expectation that AUD is moving back towards July's 50% level...
Next Week's view is a push up into the Weekly 50% level, and then that level should be a trend guide for the rest of the week on any continuation lower.
Therefore a higher daily close should be followed by a higher daily open and moving downwards from the 5-day 50% level.
