20th January 2012 Euro, AUD Daily reports

Euro Weekly and Daily cycles

Euro hitting resistance levels around the Weekly and Friday's highs.

this could lead to a 2-day reversal pattern at the start of next week.

However, the Euro could also follow a double extension pattern in the Wekely cycle, and continue up towards next week's

AUD Weekly and Daily cycles

My view is that the AUD is moving towards the January highs @ 1.07

however it's currently hitting resistance levels:- Weekly and single monthly highs

no probability pattern for today

trade the 12 hour patterns



  • 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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