AUD Monthly and WeeklyAUD consolidating with the expectation of lower prices in March.
This week saw a 5-day sideways pattern with a lack of decent trends, with the Weekly 50% level resisting the price once again.
Next Week:- The 3-week highs have caught up with price, and if the AUD is going to go down then these highs 'can' provide the next Trust pattern downward.
A breakout of the 3- week highs and monthly 50% level could actually start a move upwards, but we can't have that view until we are proven wrong.
Therefore we need to find the most robust levels to short trade next week, and begin to hold at least 1 lot until the end of the week.
Hopefully the Weekly lows will break and complete the March lows.
Euro Monthly and WeeklyWeekly lows support and Friday's rally back into the Weekly 50% level.
Next Week: - I still have the view of lower prices , and once again the Weekly 50% level is the trend guide for the continuation downward.
GBP Monthly and WeeklySame applies on the pound....
Lower prices into March lows:-
Weekly 50% level trend guide
All Daily reports out after 11am Monday or 12 am Midnight GMT trading hours
- All Daily forex reports are written after 11.00am Sydney Time, which is approximately Midnight GMT
