Next Week: push up into the Weekly highs, which match July's highs, and then look for the usual rotation back down into the timeframe 50% levels." (12 July)
Previous Weekly Reports
AUD Weekly and Daily chartsAUD hit 98 cents, and now the expectation is that the AUD over a number of weeks will try and unwind back down into 92 cents.
The first stage of any reversal will be price trading below the Weekly 50% level.
Next Week:- There is bound to be some support around the Weekly 50% level, but I would like to be short-trading the 3-day highs looking for any break of the Weekly 50% level.
Please Refer to the Daily reports each day for trading set-ups...
