AUD and Euro trading below the Weekly 50% levels and monthly balance points....At this stage the price action is viewed as bearish until this week completes...
We have lower Daily opens so the resistance levels are the monthly balance points in each market.
AUD 5-day pattern and Spiral filter
AUD is simply going to be defined by the 5-day 50% level and the R85 high...
either price pushes upwards after closing above 83.13 (R84 close)
or price drops back down into the lows @ 82.05
Euro 5-day pattern and filter
Yesterday's expectation was that 1.4325 would suport price, resulting in a 41 pip rise before euro broke lower ...
Each pink filter providing a 41 pip rise...
At this stage the R85 high is veiwed as resistance on Wednesday.
