AUD Weekly and daily range
AUD has continued down on the 2nd day and is now trading below the Weekly 50% level.
Any upside won't be verified unless Tuesday closes back above this level (after 2-days)
Based on the current price action, the trend looks to be moving down into Tuesday's lows:- random support.
Note:- with all the trouble coming out of the Middle East, there could be a flight to the USD that might strengthen that currency against others.
Euro Weekly and 5-day patternSame applies with the Euro...
Below the Weekly 50% level and also a break in the 12 hour range can see price continue down into Tuesday's lows.
