AUD Weekly and 5-day pattern.
AUD back into the 5-day 50% level.
Because price is already around higher timeframe 50% level and monthly tops, my view is to short-trade AUD back into the Weekly 50% level @ 7448
If that’s the case, then the 3-day filter and MAY highs around .7657-92 is my shorting level.
Euro Weekly and 3-day pattern.
Same expectation as AUD, a move down into the Weekly 50% level…
But then needs confirming patterns of a break of the 5-day 50% levels.
Ideal patterns would be to short-trade the yellow-blue filters
GBP Weekly and 5-day pattern
5-day 50% level support
Channel high @ 1.5192 resistance.
Same expectation of a move down into the Weekly 50% level.
- All Daily forex reports are written aftr 11.00am Sydney Time, which is approximately Midnight GMT
