24th November 2012 Euro & AUD Weekly Report

Euro Weekly & Daily cycles

Trend bias is to contine up towards the November & December highs...

But there's random resistance around next week's highs

AUD Monthly & Weekly cycles

The AUD didn't follow the weaker monthly cycles, as I thought it would....

Friday rallied, and whilst above the single monthly highs @ 1.0436 the trend bias is to continue upwards for the next 5 days into the end of November into a higher December