Euro Weekly anD Daily cycles
Monthly cycles suggest the trend is UP. Weekly cycles looks like it could go much lower using the Weekly 50% level as the trend guide.
That means Friday's lows are Random Support
AUD Weekly and Monthly cycles
12 hour channels are the trend guide, with random support around the 5-day 50% level.
Based on the price action in the Weekly cycles, there is a possibility that the AUD ends up back down into 1.0340 (Support)
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
