Euro Weekly & Daily cycles
Whilst above the Weekly highs the trend bias is up into the December highs
Therefore those highs is the trend guide, whilst the 12 hour support defines whether it continues higher or not
AUD Weekly and Daily cycles
Even with a cut in rates the AUD continues to rise from the December 50% level.
as we can see last week, the weekly level pushed the AUD lower, therefore it could do the same...
Random Resistance Wednesday's highs
Random 4 hour support (41 to 84 pips) around the 12 hour channels matched with the 5-day 50% level
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
