AUD Weekly and 5-day patternAUD supported on the 3-day cycle low (white) and the 3-Weekly 50% level.
At this stage I would still treat AUD as range trading within the 5-day range of 41-85 pips.
Thursday:- potential 4 hour resistance around the 5-day 50% level...
If above then price is likely to move back towards the February 50% level by Friday (5-day highs)
Euro Weekly and 5-day patternExpectation that the Euro will continue down during this quarter, with a possible continuation down towards the next Quarterly lows in April.
5-day 50% level and 3-day filter is seen as a 4 hour resistance level:- 41 to 85 pips.
If above during Thursday then price is seen a rotating up towards the 5-day highs.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
