AUD and Euro Weekly
Friday's trading is about trying to pick which direction Friday will close...
Higher or flat around 5-day 50% levels.
At this stage there isn't any probability either way
AUD 5-day pattern and spiral filterYesterday's view that the AUD would hit resistance around 87.76
Because of this pattern I would think AUD would continue down to complete the range @ 8690
If that happens then the rest of the day will have to be defined by the filters @ .8721
Euro and spiral filter
Even though I'm looking for the Euro to move towards 1.4870 in September...
Exact levels shown for current day aren't confirmed until midnight GMT
Simply based on these patterns I can't see AUD making new highs on Friday.
5-day 50% levels random support.
Euro and spiral filterEven though I'm looking for the Euro to move towards 1.4870 in September...
At this stage I can't see that occurring on Friday.
The 3 day filter (red) matches the R84 highs @ 1.4783 (resistance).
If the euro is going to go higher, it will be trading above this level because it's moving with the pink to pink move upwards, but that might occur during the US timezone.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
