13th September 2013 Euro & AUD Daily report

Euro Weekly and Daily cycles

Random resistance Weekly highs...

But because there's a breakout of the September highs, the Euro is following the move towards the 3rd Quarterly 50% level.

Therefore, the Euro is likely to follow the daily cycles upwards.

Support:- 12 hour channels

AUD Weekly and Daily cycles.

The AUD has hit the Weekly level, but there's an expectation that's it's going to continue higher:- TARGET

Therefore 12 hour channels are seen as support



  • 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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