Euro Weekly and Daily range
Euro remains choppy at the moment, and better trades in the AUD at this stage.
No probability pattern for Thursday.
However, the channels highs in the daily range are seen as resistance 1.3995/9
AUD Weekly and Daily range
AUD is currently in a break and extend pattern in the Weekly timeframe.
the AUD has reached the first target @ ...9796
And is likely to continue down into .9633
Trailing resistance @ .9837 until then.
Note:- a break and extend pattern could continue down into next Monday, and as far as the Quarterly level @ .9564
However, it could also swing up from .9633 and retest next week's 50% level, and once again push down into next week's lows.
Therefore once the AUD reaches .9633 and Thursday's lows it becomes a random pattern within the 12 hour ranges
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
