AUD Weekly and 5-day patternMonday didn't rise higher enough to hit the 3-day filter, and the 4-hour close below the 5-day 50% level sent the market down.
Tuesday:- Currently supported around the 5-day low on Monday but below the Weekly 50% level.
If the AUD is going to continue down then I would like to see a rotation back upwards into the Weekly 50% level matching the 5-day 50% level and short trade down towards Tuesday's lows.
Euro Weekly and 5-day pattern3-day filter sell down, but currently range bound between a number of higher timeframe 50% levels.
Once again, trade on the side of the 3-day filter
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
