AUD Weekly and Daily range
Expectation that the AUD will at least move towards 1.0612 (Yearly highs), and could continue towards Monday's and then the Weekly highs.
However, after 1.0612 is reached we should begin to look for potential 'sell' set-ups using the 12 hour ranges.
Euro Weekly and daily range
Normally a 5-day high breakout will extend up towards Monday's highs....
At this stage focus on 41 pip ranges and the brown filter around these highs.
Once the USD reaches the April lows and Yearly lows, then there is the potential for the Euro to begin to unwind towards the monthly 50% levels and lower prices.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
