2nd June EUR, AUD Daily

Euro Weekly and Daily range


Whilst the euro is below the June 50% level the trend bias is down towards the Weekly 50% level.

for that to happen it needs to be trading below the 5-day 50% level, and continue to extend lower.

otherwise it could remain range bound within the first 12 hour range.

AUD Weekly and Daily

Whilst below the Weekly 50% level the trend bias is down towards the June 50% level.

for that to happen it will need to break out of Thursday's lows, and then extend lower in the 2nd 12 hour pattern.

At this stage I can't see the first 12 hours closing higher, but don't short trade above 1.0664





  • 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
    •