25th March 2011, EUR, AUD, Daily


Euro Weekly and Daily

Euro remains above the Quarterly level, but around the MARCH highs.

current price action suggests the trend will push up towards the Weekly highs/Friday highs....

However, i'm not sure whether that is going to be during the first 12 hours or the 2nd.

Trend guide @ 1.4188



AUD Weekly and Daily range

AUD has completed the move into the Weekly highs, which is seen as random
resistance.

These highs will either stall the trend, and the AUD moves into another 5-days
of consolidation until the start of April...

or it continues with the fake break pattern, and breakouts of this week's highs
and follows the trend towards 1.035 by next week (last week of MARCH reaching the
MARCH highs)

no probability in what will happen, other than trading in the side of the levels
in Friday's range (11am)



  • 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
  •