USD INDEX Monthly and Weekly
"For a move to continue towards the April highs often price will move towards the 3-Week lows as it comes towards the end of current month & Quarter and then test support and then push higher into April as the next Quarter starts" Previous Weekly Report
USD Index has moved down into the 3-week lows. This pattern normally would set-up a continuation of the trend towards the April highs in the 2nd quarter.
This down move hasn't broken any support levels as yet, therefore my view still stands.
If the USD index moves up next week, Euro & GBP should move lower.
Euro Monthly and WeeklyEuro has reversed back into the 3-week highs.
If there is going to be a move down and follow a move towards the April lows then we need to set-up the patterns in the 5-day range.
Short-term there is nothing to suggest the trend will continue down, but we need to be aware.
GBP monthly and WeeklyIf GBP is going to move down into March lows, then it needs to remain below 1.5245, and not continue towards the 3-week highs next week.
There's no breakout of the 5-day high on Friday to suggest higher prices.
It has hit the 5-day highs and stalled and I would look for a move down to begin with 2-days.
AUD monthly and Weekly
AUD doesn't fall into the USD index basket.
Friday was disappointing, as I would have thought Friday would have continued higher.
However, there's a Weekly breakout and I would think AUD should continue upwards next week.
