AUD & EUR WeeklyAUD hitting major resistance levels @ 8590.
Euro looks like more UPside
AUD 5-day pattern and Spiral filter
3-day filter ( Yellow) matches the September highs:- resistance
However, the pink filter is the trend guide...
Whilst below 85.66 @ 11am, could see a reversal back down into the blue filter, as part of a retest of Friday's breakout
Random support 84.93
Euro 5-day and Spiral filter
Even though there is an expectation of higher prices, whilst below the pink filter @ 1.4360 the bias is to come back and retest the 50% level @ 1.4305....
Above 1.4360 and it's going to follow another R85 range upwards into 1.4405, which might occur during the during the GMT-US timezone.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
