AUD Monthly and WeeklyThe 4th Quarter trend will be determined by next weeks open in relation to the October balance point.
At this stage I view AUD as continuing to move higher in the 4th, but I would like the AUD to move down into the 3-week lows to verify some support in the next 3-month cycle
3-week lows @ 85.15
needs to find support and then for the Weekly timeframe to close back above 86.50
Euro MonthlyAnother close above the 3-month highs at the end of the Quarter should continue higher in the 4th quarter.
And just like the previous 3-month cycle, the retest of the 3-week lows would be the pattern that I would like to see before the trend continues higher.
GBP Monthly
Even though the 3rd quarter 50% and 3-month low is supporting price, it will start the 4th quarter below the 4th quarter 50% level.
At this stage the view is to drift down into the next monthly lows in October @ 1.5603
