AUD Weekly and 5-day pattern
Coming into the end of the month and Friday should be about whether Currencies are going to be rotating back down into the monthly balance points or remain in a tight 5-day pattern around the Weekly 50% levels.
Based on the 5-day pattern, the AUD can rotate upwards....
But because of the pink filter and also the Weekly 50% level, trading below those can send the AUD into a much lower close on Friday.
Euro Weekly and 5-day pattern...It's the same pattern for the Euro....
more rotation upwards using the 50% levels in the 5-day pattern
or a failure at the Weekly highs on Friday @ 1.5056 and a rotation down into the Weekly 50% levels
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
