AUD Weekly and 5-day pattern
AUD remains above the previous 5-day high break, with the expectation that price is heading towards the October highs.
Thursday's highs random resistance.
If US index markets reverse down on Thursday, then it will put pressure on currencies during the US timezone.
Euro Weekly and 5-day pattern
Euro reversed down once below the 3-day filter.
I wasn't expecting this to happen because of Wednesday's 5-day high break, but I was expecting a 2-day reversal back down because of the chance in the 3-day cycle on Tuesday.
At this stage I'm not sure if Euro will remain above the 5-day 50% level, or the 2nd day reversal continues back down into the 3-day cycle low (white)
- All Daily forex reports are written aftr 11.00am Sydney Time, which is approximately Midnight GMT
