22nd April 2013 Daily Report AUD & Weekly cycles

AUD Weekly & Daily cycles

Overall trend bias is to continue lower, as per Weekly Report, and also the breakout of the Weekly lows towards this week's lows (random Support)

However, the yearly 50% level could continue to provide Support, and get price to move back towards the April 50% level.

Random Resistance 5-day 50% level.


Euro Weekly & Daily cycles

Monthly cycles suggest a move downward, as it's below the April 50% level & single monthly highs (RED)

12 hour channel highs (white) Resistance