31st December 2012 Euro & AUD Daily report

Euro Weekly & Daily cycles

We have a Friday 5-day low pattern which can often lead to a 2-day UPward move

5-day 50% level is the trend guide @ 1.3222

Random resistance Monday's highs

AUD Weekly and Daily cycles

my view is that the AUD will remain below the December 50% level for 1 more day:- resistance 1.04/1.0413

Random support around Monday's lows


  • All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
  • Exact levels shown for current day aren't confirmed until midnight GMT
  •