AUD Weekly and 3-day pattern
AUD looks to be heading back towards the Weekly 50% level….
But that’s going to be dependant on the 3-day filter:- random resistance.
Above and price is heading towards Monday’s highs…
3-day filter rejection needs to be trading back below the 5-day 50% level.
Euro Weekly and 3-day pattern
Pushing upwards early this week and trading above the Weekly 50% level.
The Weekly 50% level has been a resistance/trend guide for a number of weeks now..
Monday:- blue filter trend guide 1.2704
Monday’s highs random resistance.
5-day 50% level random support, but could actually push down into the Weekly balance point
Weekly balance point Random support @ 1.2621
GBP Weekly and 3-day pattern
3-day filter high is your trend guide.
At this stage it is viewed as resistance....
but above the GBP could be in a process of rotating UP towards Monday's highs and back towards the March 50% levels this week.
- All Daily forex reports are written aftr 11.00am Sydney Time, which is approximately Midnight GMT
