Euro Weekly & Daily cycles
Random resistance in the 12 hour channels...
Whilst the Support resides around the Weekly level @ 1.28860
AUD Weekly and Daily cycles
Weekly cycles could see the trend reverse back down into the Weekly 50% level, especially if it's below the 5-day 50% level and daily cycle support zones.
However, in the monthly cycles, Price remains above the single monthly high (RED) @ 1.0436...
Therefore this level along with the 5-day 50% level is seen as Support
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
