AUD Daily and 3-day pattern
AUD rotating back towards the September 50% levels.
Monday's expectation was an early rise into the brown filter and then reverse back down into the 5-day 50% level.
This was because of the view that the most robust pattern of trading longs was from support and a lower daily open.
However Monday continued higher and into Monday's highs.
Tuesday is all about the 3-day filter (yellow) and (brown filter)
If price is going to move back into the 5-day 50% level, price should push down from the 3-day filter after 11am.
If it's going to continue higher, as it moves back towards the September 50% level, then price should push higher from the 3-day filter.
Use spiral filters to confirm trades in either direction
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
