Euro Weekly and Daily cycles
Weekly level @ 1.2194 is seen as resistance
Random Support Weekly lows
AUD Weekly and Daily cycles
Break & extend pattern in the Weekly cycles Failed, as Monday moved back down into the Weekly 50% level.
Whenever I've seen these opposite patterns occur, the rest of the week will often continue to trend towards a lower Weekly Close
Therefore my view is that the AUD is moving back down into the Weekly lows...
Resistance 5-day 50% levels & 12 hour channels.
Random support Tuesday's lows:- 41 to 84 pips
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
