2nd October 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

5-day 50% level will determine whether the trend will continue higher or not...

Random Resistance Tuesday's highs & also the Weekly 50% level

AUD Weekly and Daily cycles

Reserve board meeting today and whether they cut rates or not...

if they do, then it's breaking the daily & Weekly lows, and under pressure for the rest of the Week.
  • 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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