Euro Weekly & Daily cycles
The Euro is rising and by looking at it's patterns, the trend bias is up towards retrsting the 4th Quarterly 50% level @ 1.2854...
Which is too early to tell whether it will form resistance for more than 1 day
AUD Weekly and Daily cycles
My view was because of the monthly cycle patterns, the AUD would fail to rise higher than the Weekly 50% level and November 50% level.
However, its being driven upwards by the Friday low, so the expectation is that it will continue to rise upwards on Tuesday...
Random Resistance Tuesday's highs & the Weekly levels @ 1.0465
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
