USD Index Monthly and WeeklyAt this stage it might take another week of a 5-day sideways pattern before the next trend develops.
If the following week closes above the December highs, then there is a high probability pattern that will push January upwards and towards the 2010 50% level.
AUD monthly and Weekly
Next trend will develop after 1 more week, there fore next week is viewed as short-term trading within the 5-day range.
Euro Monthly and Weekly
5-day 50% level cross-over on Thursday sent the euro into the 5-day high but also below 1.4417.
At this stage next week can remain below 1.4417.
If above 1.4417 then the view is a move back towards the Weekly 50% level, but my hunch is a 5-day pattern below 1.4417.
GBP monthly and Weekly
Expectation of more weakness in December...
either early next week or from the 50% levels the week after and most likely to continue down in January.
