AUD Weekly and 3-day pattern 7:15amAs often is the case with currencies, If US markets move in one direction the spreads seem to follow the direction closely.
US markets rallied, and the AUD followed.
Friday:- 3-day filter is the trend guide and no probability on direction
3-day filter with matching 5-50% level is still seen as resistance.
Above those levels and it looks like there is a swing taking place back towards the Weekly 50% level.
Ideal pattern on Friday is to sell the 3-day filter looking for price to come back down into brown support.
Euro Weekly and 3-day pattern
Thursday pushed down but reversed upwards after 11pm rsulting in a 'hook' bar and rally back towards the 3-day filter.
Friday:- simply trade on the side of the 3-day filter.
No probability on direction
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
