If price is pushing down from the filter and below the 5-day 50% level, and also below the Weekly highs, then there is a potential reversal back into the Weekly 50% level, as it moves down towards Thursday's lows...."
Yesterday's report
AUD Daily and 3-day pattern
AUD found some early support on Thursday, but then continued down, and is now trading below the 5-day 50% level.
As per Yesterday's report, and also the Weekly report...
Break of the Weekly highs and expectation is price is rotating back down into the Weekly 50% level.
Friday: there haven't too many down day's on Friday recently, but we need to trade on the side of the July highs (Trading below)
Simply trade on the side of the 5-day 50% level, I would like to think it could continue down, but being Friday who knows......
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
