AUD Weekly and Daily range
As noted in yesterday's reports... of Tuesday moves down into the 11am support levels then there is more reason for the trend to continue higher
and based on the current price action, likely to continue towards the Wedneaday highs, and the Weekly highs.
Trend guide the brown filter
support the 5-day 50% level & 1.0674
Euro Weekly and Daily range
Based on the 11am levels, I favour more upside....
However, I'm not sure whether Wednesday will breakout or remain below the Weekly 50% level.
If it breaks out, then the 2nd 12 hour range should form support above the Weekly 50% level and 5-day high
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
