AUD Daily and 3-day patternExpectation that AUD is moving back down into the Weekly 50% level.
There is resistance around the 5-day 50% level and July's highs on Monday, but it's not a probability pattern because price is trading above the 3-day filter. (minimise exposure)
Ideally I would like to see price hit the 3-day highs (Monday) and then look for a push back down from a higher open on Tuesday.
Note: 5-day 50% level rejection and trading below the filter (brown) and I would look for a continuation down into Monday's lows, and a lower low on Tuesday matching the Weekly 50% level.
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
