10th March 2011, EUR, AUD, Daily

Euro Weekly and Daily range

The euro is remaining above the previous week highs, and if the trend is going to move back towards the highs, then Thursday's level @ 1.3898 is the trend guide and support


AUD Weekly and Daily

Yesterday's view was that Wednesday could move lower if it was trading below the Weekly 50% level, which it did for a number of hours, until buyers pushed price back above.

Based on the levels in the daily range, there's no probability pattern.

White channel lows and highs are seen as random support and resistance levels for Thursday.

Trend guide remains the Weekly 50% level @ 1.0087



  • All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
  • Exact levels shown for current day aren't confirmed until midnight GMT
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