Euro Weekly and Daily range
Early selling pressure on Wednesday, but a failure to break support has seen 2nd 12 hour support push the trend back above key short-term levels.
The Euro is below the Weekly level, but based on the current price action, there is now the possibility that the rest of this week moves higher.
Trend guide the 5-day 50% level & channel highs @ 1.4125
AUD Weekly and Daily range.
likely to complete the March highs @ 1.035 on the last day of the month, matched with Thursday's highs.
This is seen as random resistance, that will need to be validated with patterns in the 12 hour ranges if price is going to reverse down.
Note: if for some reason the AUD moves down early on Thursday without reaching the highs, then we have trailing support levels around 1.0282 matched with the 5-day 50% level
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
