Thursday low support, and now there is a possibility that Friday closes up around the MAY 50% level once again....
helped by the Weekly 50% level and 12 hour channel forming support (random resistance 5-day 50% level)
Below the Weekly 50% level, and trend is moving down into Friday's lows.
AUD could continue down into Friday's lows....
But the Weekly and single monthly lows Support on Thursday could see the AUD close higher on Friday.
In conclusion:- based on the Weekly levels in Both the Euro and AUD, Friday could close higher.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
