Euro Weekly and Daily cycles
If the Euro is going to continue higher, then it needs to breakout of the Weekly and daily highs.
Trend guide and random support the Weekly and 12 hour channels (white)
AUD Weekly and Daily cycles
my view is that the AUD will continue to move down towards the 2nd Quarterly 50% level...
Anything above the 5-day 50% level could see the AUD rise
However, there are too many levels that can act as resistance:- Weekly 50% level @ 1.0541 & single monthly lows @ 1.0578
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
