16th October 2012 Euro & AUD Daily cycles

Euro Weekly and Daily cycles

Monthly cycles suggest more gains in the euro, as per Weekly report

Weekly & Daily 50% levels are the support zones on Tuesday if that's the case


AUD Weekly and Daily cycles

4th Quarterly 50% level has formed support, and now we see whether the trend continues higher or not...
However, there are a number of important levels that the AUD needs to get over

5-day 50% level is support

random 12 hour resistance along with the Weekly 50% level
  • 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
  •