1st August 2011 Euro, AUD Daily

Euro Weekly and Daily

Trend guide is based on the monthly 50% level on the 1st of August...

Because of the Friday 5-day low pattern, my view is that the euro will begin with a 2-day up move this week...

with the 11am levels the trend guide.


AUD Weekly and Daily

Expectation that the AUD will continue up towards the Weekly and Monthly highs.

However, based on the 11am levels, I'm not sure that's going to happen during the first 12 hour range.

5-day 50% level is support.






  • 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



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