AUD daily and 3-day patternAUD completed the rotation down into July's 50% level and the Weekly lows.
Even though I'm looking for a move down into .925 cents, I think Thursday will rotate up into the 5-day 50% level, or higher.
But if there is going to be a another move down into .925 cents, this should hopefully align perfectly with a higher open on Friday and a 'sell' pattern down from the August 50% level.
Note: Wednesday has closed below it's lows, which often suggests another breakout in the daily timeframe, which often pushes lower and follows the next day's range.
That could still happen, but I would ideally like to see a higher daily close and trade down from the August 50% level into .925
No probability pattern on Thursday
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
