AUD Daily and 3-day pattern
Past 3 days has play out precisely, but on Thursday there isn't a probability pattern.
The overall trend is to move down towards 92 cents, but it might take a couple of weeks to get there, and along the way there is going to be some UP days even in a reversal down-trend.
Once again there is an expectation that the AUD will come back and re-test Wednesday's break level, which matches the 5-day 50% level again.
I would look for the previous Weekly 50% level @ 9568 as some support, and a move back towards the break.
If the trend is going to continue down, then more than likely from a higher open on Friday.
Personally I would let Thursday trade out and then look for Friday for any continuation 'short' pattern down into the Weekly lows.
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
