23rd January 2013 AUD & Euro Daily reports

AUD Weekly & Daily cycles

AUD has completed the 2-day rise up from the Weekly 50% level into Resistance levels.

 I have the view that these are levels that the AUD could reverse down from, but the Daily cycles at this stage aren't supporting that view


EURO Weekly & Daily cycles

Euro hitting resistance in the Weekly cycles

but the daily cycles aren't providing the ideal set-up for weakness.

Trend guide the 5-day 50% levels