23rd MAY 2012 Daily Euro & AUD Daily report








Euro Weekly and Daily cycles

Price didn't hit resistance levels in the Weekly cycles, but has resumed its trend towards the Weekly lows.

Trend is to continue down into Wednesday's lows

Daily 50% levels as resistance

AUD Weekly and Daily cycles

Same applies on the Aussie Dollar

Random support Daily and Weekly lows




  • 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
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