Euro Primary and Daily cycles
Euro is moving down into the Yearly and 2nd Quarterly lows...
Helped by the breakout in the 2nd 12 hours (Tuesday's lows)
Trend guide the daily cycles (random support) Wednesday's lows
AUD Weekly and Daily cycles
Tuesday's lows Supporting the trend, but it looks like it will continue down into Wednesday's lows.
As mentioned in the Weekly report 2 weeks ago..
long term trend (primary cycle) could see the AUD down around .94cents if it follows the same pattern as the Euro
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
