20th August 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles.

Weekly 50% level is the trend guide  (in a primary bear trend)

AUD Weekly and Daily cycles

Weekly lows are the support zones (Monday's lows)

If these Weekly lows support the AUD, then it can provide a good medium term Upward move over the coming weeks (Hold longs)

if not....then adjust on  Tuesday.









  • 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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