USD Index
USD Index is stuck between the Yearly 50% level and a breakout of the January highs and 3-Quarterly 50% level.
Normally the latter will see higher prices during this Quarter, however based on Friday's price action I'm viewing next week as a 2-day reversal in the Index.
If price breaks the Weekly 50% level the US index will begin to drift down towards the March 50% level (currently unknown)
AUD Monthly and WeeklyThe trend guide on the AUD next week is going to be based on Monthly 50% level.
Normally I would view next week as a higher Weekly open and sell resistance towards the lows (3-Quarterly 50% level).
However, whilst above the Weekly 50% level the bias is to continue upwards.
Daily report out on Monday
Euro Monthly and Weekly
I still have the view that February is going down, but next week I have the view that price is starting the week with a move towards the Weekly 50% level:- 2-day ups
If it closes above the Weekly 50% level, then the bias is to continue back towards the monthly 50% levels.
GBP Monthly and Weekly
Technically GBP is trading below key 50% levels with a downward bias.
If GBP is going higher whilst the USD index drops (expected 2-day reversal), then it will need to breakout of the 5-day highs on Monday.
