AUD Weekly and 5-day pattern
AUD has broken out of the highs on Thursday and closed above the Weekly 50% levels.
Based on this price action I would treat Friday as a move upwards using the Weekly 50% levels as support and a higher friday close around 89.60 and the February 50% levels.
There was no way knowing Thursday would move higher, simply because there were too many resistance levels :- 5-day highs and Weekly 50% levels.
Note:- any continuation of the trend is going to depend on Friday's highs and the February 50% levels.
Because a test and reject pattern can swing down next week and go looking for the 3-day cycle lows (2-day reversal)
Euro Weekly and 5-day pattern currently supported around the 5-day lows after reversing down.
There is still a view of lower prices in February, as per Weekly report.
However, there are too many support levels to be short-trading on Friday
no probability pattern
