Euro Weekly and Daily cycles
The Euro is trying its best to fullfill the move up into the September highs (Weekly highs),
after bouncing off the Weekly level.
AUD Weekly and Daily cycles
As mentioned in yesterday's report, the trend bias is down based on the break of the Support levels (Weekly lows)
My view is that it will continue to extend lower, for the rest of the month, however the Monthly 50% level could act as support.
if that's the case then price could rise back up and retest the Support levels @ 1.0235/41, and in my opinion those same levels will act as resistance.
Note:- 11am levels are the trend guides
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
