6th March 2013 Euro & AUD Daily reports


Euro Weekly & Daily cycles

Trend bias is DOWN...

Tuesday retested the previous Weekly lows and failed, therefore there is a bias to move down into the Weekly & March lows.

However, above the 5-day 50% level & it's moving up into the Weekly level @ 1.3145


AUD Weekly & Daily cycles

5-day Support, with Randon Resistance around the Weekly 50% level @ 1.0284.

However, based on the March low support, the AUD is likely to continue up into the Weekly highs & Monthly 50% level.