8th February 2013 AUD & Euro Daily reports

AUD Weekly & Daily cycles

 The AUD is right on support:- February lows and more importantly the Yearly 50% level @ 1.0272.

However, the Daily cycles at this stage aren't providing the pattern that suggests it's going to rise during the first 12 hours.

Random Support:- Friday's lows

Euro Weekly & Daily cycles

The Euro has completed the retest of the January high breakout.

It may continue down into the Weekly lows & February 50% level, in fact it should because
of Thursday's 5-day low breakout, but it won't surprise me if it doesn't

12 hour resistance:- Thursday's lows @ 1.3438