AUD Weekly and Daily chartsExpectation AUD is moving up towards 98+ cents in the next Quarter, and the Weekly 50% level is the trend guide within the 5-day pattern on the way up.
AUD 3-day filter
As the AUD continues upwards, volatility is minimal and intraday price action is extremely reliable based on repeatable patterns of price rotation and extension using the 3-day range and filter parameters.
And I can't see any change yet , and more of the same over the next couple of weeks
Note: - 3 weeks up (higher closes) can often form 'drops' in the 4th Weekly timeframe, so there is a potential next week of a reversal down within the 5-day pattern, but that usually happens either Thursday or Friday.
Therefore a higher 3-day filter is going to be a perfect set-up on any reversal downwards.... if that happens.
Potential reversal July 50% level
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
