AUD Daily and 3-day patternAUD followed most spreads upwards on Monday afer the early rejection down from the 3-day filter.
Tuesday:- trading range
Tuesday's highs and 5-day 50% level:- Trend guide the brown filter.
Either Tuesday moves down into support and continues up into Tuesday's highs (resistance), or continues higher early on Tuesday and then reverses back down into support.
EURO Daily and 3-day pattern
Both the EURO and GBP completed the double monthly low patterns into October lows, so there is a bias to continue back towards the 3-week highs.
Tuesday:- trend guide the 3-day filter and brown filter
GBP Daily and 3-day pattern
Expectation of a swing back towards the 3-week highs.
Tuesday:- support the 5-day 50% level
Random resistance Tuesday's highs.
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
