6 FEB 2010 USD AUD, Euro . GBP Weekly

USD Index

USD Index completes the move into the 2010 50% level.

Is this the top with matching February highs?

It is hard to say until things begin to unfold, but because Friday's highs match a number of important patterns along with the 5-day highs, I would treat next week as a 2-day reversal pattern down towards the Weekly 50% level to start with.

This could then see another push back towards the highs, as part of a double top pattern because of a number of patterns in the Euro and GBP.

AUD

Based on the price action I would have to say that AUD is heading back towards the 50% levels, but then continuing down into the Feb lows and matching 3-Quarter 50% level.

Euro Monthly and Weekly

The only conclusion I can make is that Euro has to complete the break and extend pattern into FEB's lows, which will probably be a robust support zone for the current month.


That's either going to happen early on Monday, or price is going to follow a swing into the 50% levels and then complete the move later in the week.

GBP Monthly and Weekly


Same view on GBP...

Down into February lows.

either early next week or could follow the USD index and move upwards first and then continue down later