31st March 2012 Euro & AUD Weekly Reports

Euro Monthly and Weekly Cycles

Trend bias is to continue higher.... however there are a number of higher timeframe levels that can stall the Euro from rising higher...

2nd Quarterly 50% level and also the April highs.

Note:- Yearly 50% level @ 1.3587. current primary trend remains bearish

AUD Primary and Weekly cycles

overall target remains 1.12...

if the AUD is going to follow that cycle, then Support resides around the 2nd Quarterly 50% level and single monthly lows @ 1.0247/73