AUD Weekly and 3-day pattern 6:30am
5-day 50% level and sell down into Tuesday's lows....
Today:- overall bias is to continue down towards the Weekly lows, but on Wednesday the intra-day trend should be defined by the blue filter.
Above and Price looks to be moving towards the 3-day filter:- resistance
Below:- and it's pushing down, which also aligns with Monday's 3-day low, which could move into a 2-day trend down into Wednesday's lows (confirmed after 11am)
Note:- there is a switch over on the brown fitler from above to below on Wednesday, therefore the brown filter is random support
Euro Weekly and 3-day pattern 6:50
Tuesday breakout therefore the expectation is to continue down into Wednesday's lows and I'd look for another down day into Thursday:- 2-day extension.
5-day 50% level resistance
AUD 6:50am
Short .6635 partial exit 6615 + 20
Moved stops to breakeven entry.
Holding for a down move into the brown filter @ 65.67
AUD 7:29 Exit .6583 +52
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
