AUD DailyWeekly Breakout last week and expectation price is continuing down towards the Weekly lows this week.
Monday looked bullish, and expectation that price would come down and test the brown filter and then try and move UP towards the 3-day filter.
It did find support during GMT hours , but price didn't move higher enough to test and reject the 3-day filter, and price continue down on Monday...Tuesday:- Expectation price is continuing lower, which could happen from the 5-day 50% level and push down, but I think price is going to test and reject Monday's 5-day 50% level, which is also matched by the brown filter.
If that plays out then the view is to continue lower but a random length (Tuesday's lows)
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
