AUD part 2 15:40
There is a breakout in the 5-day low on Tuesday, therefore there is an expectation that the AUD is moving down into Wednesday's lows, as part of a larger timeframe reversal pattern
Whilst price is above 97.05 is it moving upwards during the 12 hour period.
There are two possible patterns:-
#1 hits the daily 50% level @ 9777 stalls and then moves back down into .9705 (and lower)
#2 or it follows a spike upwards into the next spiral filter @ .9814, which will then be an ideal level to short trade from....
As it matches the breakout from Yesterday's lows, retesting it and hopefully moving back down with a spiral top.
if short or holding shorts from Yesterday, you don't want to see price above .9815
