AUD continues up following the August trend and friday's 5-day high breakout.
Today:- I would like to think that the AUD could stall and reverse down from Tuesday's 3-day filter (41 pips- 84 pips)....
But it can also continue upwards....
Euro Weekly and 5-day pattern
I wasn't expecting a 5-day high breakout on Monday, but I was expecting the trend to continue upwards in August.
There is a 5-day high breakout on Monday, therefore price should continue upwards into the August highs...
The 3-day filters are the trend guides on Tuesday(either way)
- All Daily forex reports are written aftr 11.00am Sydney Time, which is approximately Midnight GMT