31st MAY 2012 Euro & AUD Daily report

Euro Weekly annd Daily cycles

No Support around the higher timeframe levels, and the failure to rise upwards in the last week of MAY into the June 50% level.

Today is the last day of MAY, and we can already see the market path for June, as the minimum move

Random Support Thursday's lows

AUD Weekly and Daily cycles

no last week rise towards the June 50% level, and now heading down into the Weekly lows...

as part of a move towards the 2nd Quarterly target of .9426.

Random support Thursday's lows (weekly lows)

Resistance daily 50% levels.








  • 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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