8th January 2013 AUD & Euro Daily reports

AUD Weekly and Daily cycles

If the AUD is going to rise then it's going to rise from the 5-day 50% level and 12 hour channel low

if not, it will break that support and continue down into the Weekly 50% level by the 2nd 12 hours

Euro Weekly and Daily cycles

Current Euro price action suggest more upside confirmed with price trading above the Weekly level & also the 5-day 50% level.

if so, then the 12 hour support level is the ideal zone to be taking longs from