USD monthly and Weekly cycles
As per Weekly report, the up trend in the USD was going to kick into gear in November, and my view is that it will follow the pattern as suggested in the above chart.
This is based on the information found in my book
Euro Weekly and Daily
Tuesday breakout would normally continue down into Wednesday's lows.
Those lows and the 2nd 12 hour pattern will be levels of interest for a potential UP move later in the Week.
Support:- Weekly lows @ 1.3489
AUD Weekly and Daily
price is at major support...(Weekly 50% level
but the levels in the daily range don't favour an UP day...
Resistance:- 5-day 50% level and daily channel lows @ 1.0490.
If below the Weekly 50% level @ 1.-277 ,the trend bias is down into Wednesday's lows
and possibly as low as 1.0032 Lower Weekly level.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
