8th Apirl 2013 AUD & Euro Daily Report

AUD Weekly & Daily cycles

as per Weekly Report, the AUD is right on 2nd Quarterly support @ 1.0368.

This is going to define whether the trend remains robust (UP) or begins to unwind towards the lower monthly support levels.

Currently, the Daily cycles are showing weakness, and the medium-term trend is also showing weakness, as it's below the Weekly 50% level:- random Resistance @ 1.0423

Euro Weekly & Daily cycles

Friday breakout should continue to push up towards Monday's highs, as part of a move towards the April 50% level.

If below 1.2977, then price is retesting the 5-day 50% level and 12 hour high channels:- SUPPORT