23rd November 2011 Euro/ Aud Daily report

Euro Weekly and Daily

Tuesday remained within the 12 hour levels and choppy either side of the Weekly level.

my view is that the trend bias is still down....

short-term trend is based on the Weekly level and 5-day 50% level after 11am

AUD Weekly and Daily


Remains bearish as it's below the Weekly lows....with a potential move towards the November lows @ .9491
Random support Wednesday's lows, extremely bearish below those lows.

Unless it's trading above the 11am level @ 98.72 (potential swing back towards 1.0043)...

I wouldn't get excited about BUYing longs on the AUD.







  • 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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