AUD Weekly and 3-day pattern 8:10am
Weekly 50% level resistance and expectation of further weakness down.
Thursday:- depends if Wednesday's lows support price until 11am (GMT midnight).
If that's the case the ideal pattern would be to see price swing back towards the 50% levels and then continue down into Thursday's lows.
If Wednesday's low break and close below, then the expectation is that price is moving down into Thursday's lows.
Thursday's lows are random support:- which means price can swing upwards, or break lower as it continues down into the Weekly lows.
EURO Weekly and 3-day patternRead AUD report and apply to EURO......
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
