AUD Weekly and 5-day patternAUD push down into the 5-Weekly 50% levels.
The expectation is now that price will swing up from these levels, along with Monday's 5-day lows and head back towards 81.22 over the next 1-2 days.
Random resistance the 5-day 50% level
However, things needs to be confirmed if looking to go long now or today:- price needs a 4 hour close above the Yellow filter.
Otherwise price can easily be pushed back down on Tuesday:- 41 pips and random length
Euro Weekly and 5-day pattern.Same pattern on the Euro and same expectation as the AUD.
Price needs to be above the Yellow filter and heading back to the 5-day 50% level and or higher.
If price moved up into the 5-day 50% level on Monday and then sold off, then there could be another move down towards Tuesday's lows.
At this stage the view is price is moving back to retest the Friday 5-day low breakout:- 1.4020-1.4064
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
