AUD & EURO 3-day patternBoth moved up on Tuesday, rising up from the brown filter and moving towards the 5-day 50% level.
AUD is trading around it's October lows @ 70 cents, these monthly lows have completed the two month down trend from the August breakout, so there is an expectation that around 70 cents should be some robust support.
Wednesday:- no probability pattern, as price can either move either way from the brown filter towards Wednesday's lows or back towards the 3-day filter.
EURO:- trend guide simply the 3-day filter (yellow), and the brown filter intra-day
GBP
A wild wide range day on Tuesday, pushing up into the 3-day filter and back down.
GBP is also trading around October lows, but any reversal upwards will be confirmed with a breakout of the 3-day highs, but at this stage I can't see any robust pattern to be trading longs.
Brown filter trend guide.
All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
