Euro Weekly and Daily range
Thursday's trading has resulted in the trend moving back above the Weekly level.
Based on the current price action, I would favour Friday continuing higher, and follow the Weekly range, and then towards the April highs.
However, the 5-day range highs on Friday doesn't provide a high probability that the trend will breakout, or remain choppy betweem the Weekly levels.
Trend guide 1.4154.
AUD Weekly and Daily range
AUD completes the MARCH highs @ 1.035 on the last day of the Month.
Market dynamics suggests the trend can continue upwards next week, and towards the April highs.
If below next week’s level, the expectation is that price is revisiting the April 50% level.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
