Euro Weekly and Daily cycles
Continues to be supported at the November 50% level, but it now needs to be trading above the 5-day 50% level,
& then the 4th Quarterly 50% level @ 1.2850
AUD Weekly and Daily cycles
No cut in Rates and the AUD has moved above key resistance zones,
helped also with a breakout of Tuesday's highs, which is likely to continue to extend up into Wednesday's highs.
Any further gains in the AUD should be defined by whether it can remain above the Weekly highs 1.0420 and continue to trend up into a higher Friday close and then a higher move early next week.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
