AUD Weekly and 3-day pattern.
There is a view of lower prices before any upside in April occurs, but Monday is simply going to be defined by blue filter as a trend guide.
Lower Daily open and lower Weekly open will probably favour a higher move into the 5-day 50% level:- random resistance
And then move lower from Tuesday.
Euro Weekly and 3-day pattern.
Same expectation as AUD, but the euro is closer to support.
However, the 5-day breakout from Friday favours a retest of the break on Monday, but not much further.
At this stage my view in UP on Monday but stall, and could see a push down into Support on Tuesday.
Trade on the side of the blue filter
GBP Weekly and 3-day filter
GBP looks like it can begin to move higher, and I would expect that to happen early on Monday.
There is a 5-day breakout from Friday that can become resistance, which will match the 3-day filter:- resistance.
But often when the 3-day filter drops below the 5-day 50% level, another UP move can occur during the US timezone.
Therefore:- 3-day filters and 5-day 50% levels can be resistance on Monday for all 3 currencies, but there is also the possibility that Monday can close higher during the US timezone:- Higher Daily close
- All Daily forex reports are written aftr 11.00am Sydney Time, which is approximately Midnight GMT
