22nd MAY 2012 Euro & AUD Daily report

Euro Weekly and Daily cycles

The Euro could continue to move as high as the MAY lows and Weekly 50% level by Friday.

But at this stage I would trend Tuesday's highs and the Weekly level @ 1.2880, as resistance


AUD Weekly and Daily cycles


Could continue towards the Weekly 50% level and MAY lows by Friday.

But I would trend Tuesday's highs and the Weekly level as resistance @ .9976


  • All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT


  • Exact levels shown for current day aren't confirmed until midnight GMT
  •