AUD weekly
August breakout and expectation that for the next few months most currencies will be under pressure against the USD and continue down over the next two quarters.
However, I'm expecting most currencies to reverse up and re-test the August low breakout, and then continue down from September's 50% level and into a two monthly low pattern in November.
AUD DailyWeekly breakout and expectation that AUD will continue down into the Weekly lows.
If AUD is going to reverse up and begin a rotation back towards the Weekly 50% level and into September 50% level, it should occur from Friday this week, or early next week
This Week the exact same patterns....
3-day filter high resistance, but the important patterns are also the secondary 'sells' late in the day.
We can see the 3-day filter resistance and sell-offs, but then the trend continues down late in the day using the brown filter.
This normally occurs from 8am Sydney time, which gives traders an opportunity to add positions or hop into the trend and hold into the daily lows the next day.
Sadly Friday didn't continue down into Friday's lows as I hope for.
Daily Report Monday after 11.00am
