AUD Weekly and 5-day pattern
As per Weekly report, the expectation is that the AUD is moving up into Setpember highs.
Helped by Friday's breakout...
Euro Weekly and 5-day pattern
In the short-term the bias is to continued higher until the Range completes.
currencies will follow a similar pattern as the US indexes on Monday.
If the S&P follows a mini Thrust pattern (read US index report) then Monday will continue to trend higher for the Euro towards the Weekly highs.
If the S&P breaks support on Monday, then it's back down into the Weekly 50% level after reaching the R85 high @ 1.4360-77
