AUD DailyExpectation on Tuesday that price would come up and test the 5-day 50% level and brown filter and then push lower.
Once it hit the those resistance levels, sellers appeared pushing the AUD down.
Yesterday my trades were based on trading Longs up towards the 50% level, but no short trades were taken, as it was after of my time zone.
Today:- Wednesday it's all about the brown filter either way :- above it after 11am and the bias is to push up into the 3-day filter once again.
Below the brown filter and it's pushing lower:- focus on shorter ranges
If it moves higher and hits the 3-day filter:- expected resistance, and if it breaks higher it will be during US trading hours.
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
