Euro Weekly and Daily cycles
March 50% level, Weekly level ,and 5-day 50% level would be seen as resistance on Monday....
Whilst Weekly lows and Monday's lows are random support.
AUD Weekly and Daily cycles
Whilst below the Weekly level, the trend bias is down, into the Weekly lows and March 50% level (Support)
Random support in the 12 hour range
5-day 50% level is the trend guide (resistance) along with the Weekly level....
Obviously that could change in Monday (11am) is trading above those levels.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
