AUD Weekly and 5-day pattern
Trading around higher timeframe resistance levels, but it’s not dropping and breaking support levels.
There is a bias to continue down on Friday, as long as it remains below .9724
However, I’m not sure whether it’s going to breakout of Friday’s lows…
Or simply find support @ .9622 and then swing back upwards early next week.
Euro Weekly and Daily range.
My view is for the euro to continue down, but there isn’t an ideal ‘short trade set-up based on the current price action:-
Resistance @ `1.3971 to 1.4003
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
