AUD Weekly and 3-day patternCurrencies were range bound on Monday between the 3-day filters and Blue filters.....
Tuesday:- The same pattern of the 3-day filter as random resistance.
In this instance pushing the AUD back down into Tuesday's lows and the Weekly 50% level.
I haven't factored in a 'buy' pattern on Tuesday, but if price trading above the 3-day filter along with Tuesday's 3-day highs and 5-day 50% level matching, might result in a breakout of the 3-day pattern and further upside gains this week back towards last Week's highs.
Euro Weekly and 3-day pattern3-day filter random resistance, and looking at the pattern favours a push down into Tuesday's lows (December 50%).
Above the 3-day filter and price is moving UP towards the 5-day 50% level.
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
