- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
Euro Weekly and 5-day pattern
Euro moving back down into support levels:- 3-week lows and September 50% levels.
Also 5-day lows.
If this hold support then there's an expectation of the trend moving higher next week.
AUD Weekly and 5-day pattern
There is a breakout of the 5-day highs on Thursday, therefore there's an expectation that the trend is moving higher.
However, price has already reached this week's highs:- resistance
5-day 50% level is seen as support, but a move towards the September highs might not happen until next week.
