AUD Weekly and 5-day patternAUD continues to be supported around the Weekly 50% level, and I would think price will conrinue up into the 5-day highs and 3-day filter...
3-day filter random resistance....
But we need to keep in mind that a Weekly HOOK pattern can continue into a higher high on Friday
Euro Weekly and 5-day pattern
Based on price action and a 2-day stall pattern after Tuesday's Rally...
I would expect the Euro to continue upwards on Friday towards the 5-day highs.
I mentioned that my view was Euro to move towards 1.4302 by Friday, but because the Red 3-day filter is still above price and it's not rising up from the 3-day filter...
I would view Friday's highs as random resistance.
Limit any longs below the 5-day 50% level
- All Daily forex reports are written aftr 11.00am Sydney Time, which is approximately Midnight GMT
