AUD Weekly & Daily cycles
Showing some signs of support from Wednesday's , but below the Yearly 50% level
Any futher gains will depend on the levels in the 5-day cycles
Starting with the 12 hour channels (white) & then the 5-day 50% level
Euro Weekly & Daily cycles
Support off the Weekly lows, but struggling to break the 5-day 50% level.
What we notice is the 'NO-Control' Daily pattern on Tuesday, and now WEdnesday is moving above it, which can
often lead to more gains, as it breaks out of the range of the previous day.
If that's the case, then above the 5-day 50% level will see price continue up towards the February 50% level & Thursday's highs.
