Euro Weekly & 5-day range
I was expecting more upside in the USD index this week, which would put pressure on currencies, but at this stage currencies remain range bound between weekly levels.
There is no probability in Friday's direction other than trading in the side of the 5-day 50% level.
AUD Weekly and 5-day pattern
Same applies on the AUD.
5-day 50% level is the trend guide
GBP Weekly and 5-day range
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
