5th April 2011, EUR, AUD, Daily



Euro Weekly and daily range

Trend guide is based on the Weekly level, but also the expectation that there is a 5-day high pattern on Friday that could continue lower for the first 2-days.

therefore today's trend guide and random resistance is based on 1.4321.



AUD Weekly and Daily range

AUD looks to be moving down towards the Weekly level @ 1.0302.

As long as it's below the brown filter during the 1st 12 hour period the trend should continue down....

With random support @ 1.0333.

If the AUD is below that level, and also below 1.0302, then we should treat the trend as moving back down towards the Weekly 50% level and also the April 50% level @ 1.0114

  • 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
  •