AUD Weekly and 5-day patternWeekly 50% level support, but whether it holds on Tuesday is another matter.
There is no probability pattern, but I would think that Weekly 50% level should push price back towards the 5-day 50% level.
Tuesday's levels:- blue, green & Yellow should be used as random 4 hour resistance levels:- 41 pips
Euro Weekly and 5-day patternMonday's 5-day lows failed along with the Weekly 50% level.
This favours more weakness on Tuesday using Monday's 5-day lows as resistance along with the Yellow filter.
There is now the view that price is coming back towards the single Monthly pivot lows: shaded.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
