AUD Weekly and R85 rangeI have a view that Friday will close higher than in the middle of the 5-day range.
However, the price action in the spiral filter is either going to rise back above this R85 low and above the Weekly highs and close around the pink filter.
Or the R85 will continue down and match the 5-day 50% level @
Euro Weekly and 5-day patternBullish price pattern was the R85 spiral low and continuation upwards from 1.4362.
However, the early support didn't materialise instead breaking 1,4362.
And following my original view of continuing down into the January lows by next Week.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
