AUD Weekly and 5-day patternAUD moved down into support in the 5-day pattern, but I would have expected more upside on Thursday and followed the breakout of the 3-day cycle
At this stage the bias is to continue higher ...pink filter is the trend guide.
Euro Weekly and 5-day pattern
euro looks well supported, but it will depend on how the S&P responds to it's own change of the 3-day cycle.
I would normally look for a reversal pattern the day after, and if that is the case it might put pressure on Currencies on friday (US time zones) to close back around their Weekly 50% levels and support, and the continue higher next week.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
