Euro Weekly and Daily cycles
Daily cycles show weakness, that could see price move down into Friday's lows using the 12 hour channels (white) as resistance.
However, the Weekly 50% level could provide random support @ 1.2240
AUD Weekly and Daily cycles
The Aussie dollar could extend upwards using the 5-day 50% level as the trend guide,
as part of the overall trend of moving higher
But it could also see price move down into Friday's lows, as part of retesting the Weekly level @ 1.0560 and also the previous Weekly high breakout @ 1.0494
Trend guide 5-day 50% level.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
