AUD DailyCut in interest rates sent the AUD down into September's lows on Tuesday....
Breakout of Tuesday's lows and it's hard to see an UP move on Wednesday:- trade the levels...
Within the R41 pip range, the AUD is actually showing a 'sign' that could be an UP day....
But it would need to come down and test the level and find support.
And if it's going to swing back into the 5-day 50% level then it should rise upwards confirmed with the 240-min filter...
A weaker pattern would be a test and failure, but then a R41 spiral top under the filters to take short trades down into Wednesday's lows.
An UP day doesn't have too many legs either :- 5-day 50% level resistance.
No probability on direction:- trade the levels.
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
