14th December 2012 Euro & AUD Daily report

AUD Weekly & Daily cycles

Based on the current price action, I would have to favour Friday moving up towards the Weekly highs+

12 hour channels (White) trend guide

AUD Weekly and Daily cycles

Support resides around the Weekly level @ 1.050

Whilst the Weekly highs @ 1.0535 could act as resistance during the first 12 hours on Friday