USD Monthly and WeeklyUSD dollar Index has continued higher with the target the January highs, but it might take until next week to reach that level because of the Weekly highs.
AUD Weekly and 5-day patternWeekly 50% level support, but there is a breakout and extend pattern in the 5-day range.
Resistance the 50% level, which matches the breakout.
Thursday's lows random support.
Euro Monthly and WeeklyEuro completes the move down into robust support zones in January and the 3-Quarter 50% level.
However, there is a breakout and extend pattern in the Weekly timeframe.
This can result in the trend continuing down until next week.
However, based on the USD Index Weekly highs, It's more likely that price can rest the Weekly lows by Friday, but then continue lower next week into the Weekly lows.
EURO Weekly and 5-day pattern.Thursday's lows support if it gets that low, as price is already trading around higher timeframe levels.
I can't see Thursday rising higher than the 5-day low breakout and the 5-day 50% level from Wednesday.
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
