AUD:-Yesterday's view was that Price was pushing up into the 5-day 50% level ;- resistance but with the possibility of a breakout during GMT trading hours.
Which did occur, but the up into Thursday's highs didn't eventuate.
AUD is the only spread still trading below it's Weekly balance point.
Friday:- 3-day filter and 5-day 50% level support, but technically I can't see too much upside.
When looking at the other spreads below, I do favour a bias of a higher Weekly close, but in the AUD I don't have a probability pattern
Note:- When using the spiral filters it des take much of the guess work out of the market, even with each daily analysis.
From the up move into the 5-day 50% level and resistance.
A breakout but then the robust spiral low pattern to confirm the UP move, which resulted in a double R41 range upwards.
No trades on Forex yesteray, but taken a long on the AUD using the spiral filter and 5-day 50% level support.
Long .8015 :- partial exit R41 and hold for double
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
