AUD Weekly and 5-day pattern
Early rise on Sunday and moving into Monday's range at 11am
There is a larger Trend push coming from the monthly 50% level that should push AUD higher, but I would also like to see AUD move back down into the Weekly 50% level to verify this week's UP move.
3-day filter is the trend guide, but I don't have a probability on whether price will continue up on Monday or reverse back down into the 5-day 50% level.
Sunday's trading will close above the Monthly BP @ 8038, and last week has already closed above the Quarterly BP.
Euro Weekly and 5-day pattern
3-day red filter trend guide, however no probability pattern on whether it becomes support or resistance, as I would like to see price move back towards the Weekly 50% level
4 hour 'tops' in both currencies around their 3-day filters.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT