AUD Weekly and 5-day pattern and spiral filter
Yesterday I was looking for 5-day 50% level 41 pip resistance, which we got.
Then the AUD moved up and back down, retesting the 50% level @ 92.66 in the spiral filter.
Once again there could be resistance around the 5-day 50% level on Thursday, which might or might not lead to a large move down. (41 pips).
If the R85 closes below 92.66, this can put more selling pressure on the AUD.
After Wednesday's price action and support @ 92.66, I would also keep an eye on price trading above the 5-day 50% level during GMT trading..
As this can see a higher Weekly close near the November highs.
Euro Weekly, 5-day pattern and Spiral filter
A lot of resistance below the 5-day 50% level yesterday during Asian trading hours, but not a complete 41 pip reversal.
GMT hours has seen Weekly 50% level support on Wednesday, and if the Euro is going to continue higher on Thursday, then price should remain above 1.4941 and continue towards the Weekly highs.
If price is below 1.4941 and also the pink filter, then there is a bias to move down 2x 85 pips.
All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
