20th February 2012 Euro, AUD Daily report

AUD Weekly and Daily cycles

Weekly 50% level is the trend guide on Monday....

along with taking out Friday's highs or lows, with the expectation that Monday will continue to trend outward.

my hunch is down at this stage

AUD Weekly and Daily cycles

Friday high and Weeky level rejection sets up the trend to continue downward using the Weekly 50% level as a trend guide.

Daily 50% levels are the trend guides.

  • 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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