AUD Weekly and Daily cycles
AUD remains under the Weekly highs and may continue for 1 more day.
We can see the September 50% level, and if it follows the trend of the change in cycle, the trend should follow the monthly trend towards the monthly highs @ 1.11.
Today:- I'm treating today as another stall day between the Weekly levels.
Trend guide 11am Support
Euro Weekly and Daily range
Euro didn't continue towards the Weekly highs, but has reversed back down into the August 50% level.
With 1 day in the month remaining, it could remain above this level, using the 11am as a trend guide, but I'm not sure Wednesday will move above the Weekly level @ 1.4468
If below the 11am levels the trend bias is to move down into the channel lows, which aligns with the Weekly 50% level @ 1.4350 (random support)
Each way bet on the direction at 11am
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
