Euro Weekly and Daily cycles
5-day 50% level is the trend guide on whether the Euro continues higher (rising up from the Weekly lows)
However, there is random resistance around the Weekly 50% level
AUD Weekly and Daily cycles
The AUD has hit the previous weekly breakout and stalled.
This completes the move, and now the Weekly level @ 1.0269 and the 12 hour channels will decide whether the AUD remains below those levels and moving down to retest 12 hour support
or Friday continues with more buying towards the Weekly 50% level & October 50% level
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
