4th January 2012 Euro, AUD Daily reports

Euro Weekly and Daily

Hard to tell whether the Euro will continue higher, as there isn't a 5-day high breakout or a daily close above the Weekly 50% level

5-day 50% level trend guide & random support


AUD Primary and Weekly cycles

New Primary cycle is pushing the Aussie dollar higher, along with a breakout of the Wekely highs confirms the bullish pattern.

Target January highs, and then the Yearly highs.


AUD Weekly and Daily cycles


Trade the 12 hour cycles, with the daily 50% level used as trend guides and support...

Whilst the 5-day highs have less probability to form resistance ( more than .41 to 85 pips.)
At this stage I would treat the Weekly high levels as support (breakout) and a continuation  upwards into next week's highs.



  • 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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