USD Index
USD dollar index is trading around the double monthly lows in October, and if the S&P decides to to drop the USD will rise.
First sign on any reversal is price trading above the Weekly 50% level.
Short-term will be next week rising up from the 5-day 50% level towards the Weekly 50%
AUD Monthly and Weekly
If any selling occurs in the AUD it will begin from the 5-day 50% level with the potential to move back down into the Weekly 50% level.
At this stage the Weekly 50% level is going to be a random support zone.
Below the Weekly 50% level and it's down into the 3-week lows.
Euro Monthly and Weekly
Exact same pattern expectation on the Euro as the AUD.
There is nothing to suggest the Euro will reverse down, but early next week needs to be defined by the 5-day 50% levels
GBP Monthly and Weekly
As per Previous Weekly report..." the 3-month 50% level support and trend guides next week, and the best set-up on GBP would be to actually see GBP close out October and then use the Monthly balance point as support and trade upwards from November"
Last week saw early support and rise upwards, and now the Weekly 50% level is the trend guide for next week.
Either GBP finds support and more sideways rotation until the end of the month and November, or price breaks the Weekly 50% level and continues down into the 3-week lows.
