13th June EUR, AUD Daily

This week's trading is based on whether the USD reverses down from the June 50% level....

or it keeps rising for the next 3-days
.

Euro Weekly and Daily

If the Euro is going to rise then the most logical level will be from 11am (or Monday's 5-day lows)....

but it needs to be trading above the Weekly and monthly 50% levels 1.4363/68

first target will be the 5-day 50% level during the first 12 hours

don' hold longs below the 5-day lows

AUD Weekly and 5-day range

There is a 5-day break out of Friday which should push down into Monday's lows....

Once it reaches Monday's lows, or the Weekly level @ 1.0501....

Then we should look to see if currencies are going to rise, or continue to fall








  • 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
  •