AUD Weekly and 3-day pattern 7:40am
AUD continues down into the Weekly lows and probably hit the November lows next week, if not Friday.
Thursday:- expectation of weakness down into Thursday's lows, resulting in a breakout, as part of the higher timeframe drive down.
Friday:- expectation that the AUD will continue down into Friday's lows.
Use the brown filter for the trend guide...
2 probability patterns:- either it continues down, or often the case will retest the breakout (5-day 50% level) and then continue down.
Weekly and Friday's lows random support.
Euro Weekly and 3-day pattern
Same epxectation as the AUD....
Brown and blue filter is the trend guide.
Target is Friday's lows, but if the Euro follows the same path down into the Weekly lows, then Friday's lows will probably not hold.
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
