However, there is still the possibility that there is weakness during 12 hour patterns around upper levels
Euro Weekly and 5-day pattern
Trend bias is to continue higher, and because of the breakout of the 2nd 12 hour range, can see the trend move up towards the 5-day 50% level.
That level is seen as random resistance during the first 12 hours.
if the trend moves down, then 11am levels are seen as support.
AUD Weekly and Daily
AUD is below the Weekly 50% level, and will align with the 5-day 50% level, that could send the trend downward once again.
However, there is a breakout of the 2nd 12 hour high, that could push the trend upwards...
In conclusion:- trade on the side of the 5-day 50% level at 11am
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
