Euro Weekly and Daily cycles
Trend bias is up towards this week's highs annd also the single monthly highs @ 1.3434 (random resistance)
12 hour channels will define the support levels at 11am
if below then the Weekly level @ 1.3286 is the support zone
AUD Weekly and Daily cycles
AUD has opened higher, and in now trading above the 5-day 50% level but around the monthly and Weekly 50% levels that can act as resistance.
As noted in the Weekly report, support zones reside around the 2nd quarterly 50% level at lower levels.
conflicting patterns as this stage in the day.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
