AUD Weekly and 5-day pattern
We have a MAY high breakout trying to move up into June highs,
But we also have a Friday high breakout, which we would like to see retest
before price continues higher
Any 2-day stall is part of a rotation towards Friday's 5-day high breakout.
Therefore Sunday and Monday should be part of that view until price retests
the Friday high breakout and 5-day 50% level.
But if that fails and Monday continues higher we know why it's failing, because the larger trend of a MAY high breakout is in play moving towards June highs.
Euro Weekly and 5-day pattern
Same expectation on the euro and the AUD.
Support:- Sunday's 3-day filter @ 1.3989
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
