USD Index
Completes the break and extend pattern from January into March highs.
Two patterns:-
#A. can continue to rotate back down into the 3-month 50% level and then follow another 2-month wave pattern into higher highs in MAY.
#B. continues into April highs and swiftly reverses down into the 3-month 50% level.
if that happens then the next trend upwards won't occur until MAY.
At this stage I'm leaning to #B
Euro Monthly and WeeklyAs pointed out with Friday's report, there is now a possibility that there's a 2-day UP move playing out. (daily report out on Monday)
What happens in the Index is going to influence the Euro.
If #B plays out then the expectation is that price will continue into April's lows before a larger reversal pattern back towards the 3-month 50% level.
GBP monthly and Weekly
then next leg down will depend on the next few days until April begins...
April will complete the break and extend pattern in the 3-month cycle.
AUD Monthly and Weekly
Extremely bullish on the AUD in the 2nd Quarter.....
3-month 50% level support for a move towards .97cents
