1st August 2009 AUD, EUR Weekly

AUD Monthly and Weekly highs

2Xmonthly wave pattern into August highs will play out over the next 2 weeks.

Those highs will be resistance for a rotation back down into support.

Euro Monthly and Weekly

Same pattern with the move into August highs....

USD dollar index

I don't have enough data to analyse the dollar index within the Yearly timeframes.

But at this stage price is moving down into double montlhy low patterns.

Around August lows in this Index will match those August highs in other currenices which should begin to swing in the opposite directions.

Short-term swing patterns will be based on the Weekly lows, and at ths stage I'm not sure if the first August lows will be the swing pattern, or much lower around 75.99.

That lower level will be based on the following Weekly range in 2 weeks.