1st August 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

July low support ended yesterday....
therefore keep an eye on a breakout of the 12 hour channels.

otherwise above the channels and it's trying to move upwards.


AUD Weekly and Daily cycles

I'm still bullish on the AUD

as long as it remains above the Weekly highs @ 1.0494

otherwise it's back down into the Weekly level @ 1.0470




  • 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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