12th April 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

The Euro is still caught between a Rock and a Hard place....

Single monthly lows continue to support the trend, whilst the April 50% level is forming resistance.

Trend guide is the 5-day 50% level



AUD Weekly and Daily cycles

AUD performing better, but it still needs to break out of the 5-day highs...

first target the Weekly 50% level.



  • 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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