USD IndexUSD Index has followed the pattern down into September's lows completing the 2-month lower low pattern, but at this stage it's too early to tell whether price will find support around these levels and currencies reverse down from their highs..
AUD and Euro WeeklyAUD has continued higher with a break above the September highs and Euro has completed the September highs...
However, as pointed out in the Weekly report, the Euro can go higher this month and follow the Quarterly highs.
If the USD rises and currencies begin to drop then there needs verification before any reversals, because there are currently thrust patterns occurring that can see trends continue into higher prices on Friday.
AUD 5-day pattern and filterAUD Continued higher once above the pink filter....
However, with price trading so near to the September highs on Tuesday, it was hard to hold or move into long positions above that level.
At this stage I would wait until the next pink filter is formed, as price can continue higher because above September highs....
or it can reverse back down into a lower spiral filter and then continue higher.
Euro 5-day pattern and filter...
Monday's rise up from the pink filter and has moved into a pink to pink move on tuesday completing the September highs
I would think the euro will complete the highs @ 1.4546And might find some short-term weakness around 1.4546, but I also know that the Euro can continue higher, and follow another higher pink to pink move into Friday, as part of this week's 'thrust' pattern from the 50% levels.
