AUD Daily and 3-day patternExpectation that AUD is heading lower in November, but in the short-term price normally likes to rotate back into the 50% levels :- lower Weekly open.
Mondays:- direction is simply based on the filter levels:- 6106
Any rotation upwards is a move back into the 3-day filter:- This also is part of a retest of Friday's breakout and then a continuation lower.
EURO daily and 3-day patternLower Weekly open and Euro mostly rotates back towards the 5-day 50% level on Monday.
Monday's trend guide is 1.2555
There is a breakout of Friday's lows therefore there is an expectation that price can extended downward into Monday's lows the next day.....But the ideal pattern is a re-test of the breakout or 5-day 50% level and then continue down.....
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
