Euro Weekly and Daily
The euro continues upwards, but the monthly close above 1.3766 is a critical pattern, as it places the Euro finally above the 3-year 50% level (1.3766)
Because of this, there is now the view that the euro should continue towards the March highs.
If it follows the trend of being above the 3-year 50% level, then the support levels @ 11am are the key zones :- 1.3800
Random resistance (Tuesday's highs)
AUD Weekly and Daily range
Monday's support provided a 41 pip move upwards, and the following 12 hour pushed the AUD up into the Weekly highs.
These Weekly levels, have constantly stall the AUD during the first Quarterly cycle (1.019), and may do so again today.
Trend guide 1.0178
otherwise, if above 1.0178 after 11am, it's following the daily range upwards, as part of a weekly trend towards the MARCH highs 1.0352
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
