16th February 2012 Euro & AUD Daily reports

Euro Weekly and Daily cycles

Euro to continue down into the Weekly levels and Thursday's lows:- Random support

Weekly 50% level resistance


AUD Weekly and Daily cycles

my view is down, but the Weekly 50% level is the trend guide, and may continue support this week's trend.

11am highs matches Thursday's highs:- resistance

Trend guide 5-day 50% level

Random support 11am levels.

Will need to breakout of Thursday's lows  and Weekly 50% level becomes resistance to get more selling into the Aussie dollar


  • 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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