AUD and Euro Weekly
There is a bias to continue higher in September, however on friday i'm currently leaning towards a Friday that consolidates around these mid points.
And if currencies are going to go higher, then these levels will be support and the Weekly open will hopefuly push upwards from Monday.
AUD 5-day pattern and R85 filter
At this stage whilst AUD is trading above the 50% levels, the view is to continue higher...
If price is below the pink and below the 50% level, then it's going down.
Euro 5-day pattern and filter
looking at the 5-day pattern and filters, there is no probability pattern for Friday.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT