Euro Weekly and Daily cycles
Wednesday's lows failed to support the Euro....
Today:- the 12 hour 50% level at 11am will define whether it follows the daily break and extend pattern towards the daily lows
or rises up into the 5-day 50% level:- random resistance
AUD Weekly and Daily cycles
AUD is now being supported around the higher timeframe levels @ 1.0247/73.
However, it's not getting the bounce as one would hope for.
And as mentioned in yesterday's report, if the AUD is going to rise higher, it might not happen until next week.
Today:- 12 hour 50% level is the trend guide
5-day 50% level is a random resistance zone (Weekly level @ 1.0338)
if above the resistance zone, hopefully it can attract more buying towards the April 50% level.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
