AUD Weekly and 5-day range
AUD can continue to move upwards this week...
we have seen the early price action move upwards into an 84 high spiral point...
that means it can settle above 1.0962 and continue higher on Monday, or it can dip below
as we have a Friday 5-day high pattern and expectation of a 2-day reversal pattern...
upper white channel @ 11am is the trend guide @ 1.0962
Euro Weekly and Daily range
Same applies on the Euro...
Expectation that the trend is moving up towards the Weekly and monthly highs....
however, the trend will be defined by the 11am levels
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
