Euro Weekly and Daily cycles
Random support Weekly lows..
keep an eye on whether there is a 12 hour sell pattern down into Wednesday's lows.
otherwise above the 12 hour channels (white) and the 5-day 50% level is seen as resistance
AUD Weekly and Daily
as noted yesterday, Weekly pattern suggest weakness down into Thursday - Friday.
Weekly 50% level is now the trend guide on a potential move down into the Weekly lows within the daily cycles
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT