AUD Weekly and 5-day pattern.With price trading around the February lows and a bounce off the Friday's I expected more upside on Monday.
At this stage we need to treat this week as part of the weekly report and a push lower towards the 3-quarter 50% level.
Euro Weekly and 5-day patternI'm not surprised my the price action in the Euro because i'm expecting the Euro to move down towards the Feb lows as per Weekly report.
However, I was expecting at least a 2-day rise because I was expecting a 2-day reversal pattern in the USD index based on Friday's price action.
Trend guide Yellow and current Feb lows, as shown above
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
