AUD Weekly and 5-day pattern
Tuesday's trading is going to be defined by the single Monthly balance point(Red).
Once again, the spiral filter channels are providing an ideal set-up to trade longs.
If price test the balance point and is once again trading around these highs, i'm sure the AUD will continue to move higher on Tuesday
Euro Weekly and spiral filter
Them monthly balance point is lower, but based on the spiral filter Tuesday favours rising upwards.
As long as it's above the pink filter Tuesday should continue into the next pink filter 2x85 bars.
if price is below then it's coming down into the monthly balance point and 5-week 50% level (brown) @ 1.4919
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
