AUD Monthly and WeeklyCurrencies are coming down into their 5-week 50% levels.
These levels are viewed as support for a continuation towards the June highs.
That's the view at this stage because of the MAY high breakout.
Like a 5-day day breakout extends higher into the next 5-day high, the same is played out in the monthly range.
Daily report out next week, but with the break of the 5-day lows on Friday, the expectation is that price will pus down on Monday
Euro Monthly and WeeklySame expectation on the Euro, pushing down into the Weekly 50% level
5-day pattern
Froday breakout and should push down into Monday's lows, ideally from a higher move and sell down from the Friday' break.
- All Daily forex reports are written aftr 11.00am Sydney Time, which is approximately Midnight GMT
