USD Index Monthly & Weekly
Around this week's higher weekly close and higher timeframe resistance levels I would have to favour a rotation back down into the 50% levels in the first quarter and then most likely continue higher.
AUD monthly and Weekly
Bearish but an expectation that price should swing back into the Weekly 50% levels...
and most likely remain below the December 50% levels until the end of the year.
Euro monthly and Weekly
Around December support levels, but price needs to get back above 1.4417 if there's going to be any rotation upwards.
I would keep and eye on the 5-day patterns and 5-day 50% level for a short-term reversal pattern back towards the Weekly 50% level (5-day highs)
GBP monthly and WeeklyGBP below 1.6240 which is bearish....
I would keep an eye out for any 2-day reversal patterns that fail to close above that level for a potential move downward.
If the USD index rotates down, then GBP will rise, but will probably be 'choppy' until the end of the year.
