Euro Weekly and Daily
The euro is now trading above the February 50% level...
and if it's going to continue upwards, then the 12 hour channel highs should form support and move towards Tuesday's highs :- random resistance.
A break of support will resume the downtrend in the 2nd 12 hour range
AUD Weekly and Daily cycles
Random resistance Tuesday's highs, and the upper weekly level @ 1.0827
Random support Weekly 50% level and channel lows
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
