AUD Daily and 3-day patternMost spreads on Monday played out the re-test of the 3-day break from Friday, verifying the support and closing slighly up.
Of the spreads AUD doesn't look as robust because of the Weekly balance point.
Tuesday:- if it's going to follow the Weekly analysis of rotating towards the September 50% levels, price should be rising up from the 5-day 50% level and trading above the brown filter heading towards Tuesday's highs 3-day filter.
Simply trade on the side of the 5-day 50% level. AUD looks like it's going to go down, but when I look at the other spreads below, they look like they are moving towards their Tuesday's highs.
Therefore I have the view that AUD is doing the same.
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
