Euro Weekly and Daily cycles
Daily 50% levels and 12 hour channels, along with the Weekly highs will determine whether Friday continues to move upwards, as part of a move towards the monthly 50% levels by next week.
AUD Weekly and Daily cycles
Same applies with the Aussie dollar....
Daily 50% levels as part of a move towards the January highs...
or Friday moves down into the Weekly highs @ 1.0544
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT