27th December 2012 Euro & AUD Daily Reports

DOW S&P Weekly cycles

Trend guide the 5-day 50% level along with the December highs @ 1.3321

With Monday's close below the Weekly level I was expecting some short-term weakness which never eventuated. Therefore there is a likely upwards bias over the next 2-days

AUD Weekly and Daily cycles

Trend is weak......

and the 5-day 50% level and 12 hour channels will decide on whether it remains weak for the next 2-days