AUD Weekly and 3-day pattern 8:15
AUD broke Monday's lows, confirming the weaker December pattern....
Expectation of a continuation down into Tuesday's lows....
However I would like to see the AUD move up and re-test the break on Tuesday before continuing down.
Euro Weekly and 3-day pattern
Expectation of the Euro moving down in early December, however I would like to see a move back into the 5-day 50% level before it continues down.
That didn't occur on Monday, therefore the expectation is that it's moving upwards on Tuesday.
However, simply trade on the side of the blue filter after 11am...
Price can easily continue down into Tuesday's lows, as it follows the higher timeframe trends.
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
