March lows completes the break and extend pattern from January into March lows.
Any reversal off these levels will need a 3-5 day consolidating pattern.
Note:- There is still a possbility that price can continue down into April's lows.
Euro Weekly and 5-day pattern
Thursday's lows match the March lows, but it might struggle to rise higher than the Weekly lows and 5-day 50% level on Thursday.
AUD Weekly and 5-day pattern
At this stage I'm treating AUD as a sideways consolidating pattern until the end of the Quarter.
At this stage I'm treating AUD as a sideways consolidating pattern until the end of the Quarter.
Currently trading around the Weekly 50% levels.
No set-ups for Thursday:- focus on 4 hour levels & 41-85 pips ranges.- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT