Euro Weekly and Daily cycles
April 50% level is seen as Support.
there is a Thursday high breakout that should see the trend continue up towards the Friday's highs and the Weekly 50% level (random resistance)
12 hour 50% level is the trend guide
AUD Weekly and Daily cycles
AUD has stalled at the APRIL 50% level, with the potential to continue higher over the coming weeks
Today:- There is a breakout of Thursday's highs that could see the trend continue up into Friday's highs.
12 hour channels and 50% level is the 4 hour- 12 hour trend guides
However, the April 50% level could push price back down as part of retesting Thursday's breakout.
if that's the case, the next UP leg could eventuate from next week's 50% level
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
