AUD Daily and 3-day patternAUD sells down from the 3-day filter and breaks Tuesday's lows.
Wednesday:- Expectation that AUD should hopefully re-test Tuesday's lows: - 5-day 50% level and continue down into Wedesday's lows.
Range:- Wednesday's lows random support
Euro Daily and 3-day pattern
Continues down from Monday's breakout and breaks Tuesday's low reaching the Weekly channel.
Wednesday:- normally I would look for a continuation of down into Wednesday's lows, and this could still happen.
However with price now trading around the Weekly lows, it makes that down move much more difficult.
Brown filter trend guide and I would look for some reversal upwards into the 5-day 50% level today:- random resistance.
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
