USD Monthly & Weekly
With the USD Index moving down and not up in early April there is more chance that the Index is going to move down into the 3-month 50% levels and then continue higher later in the Quarter
This should put pressure on currencies once again later this month.
If price can continued into the highs, there would have been a greater chance that the Index would have had a larger 'sell' reversal pattern down later in April.
Euro Monthly and Weekly...As pointed out in Friday's report there was a probability short-term swing towards the 3-day highs.
That occurred but it also moved beyond the highs and back into the monthly 50% BP (Red)
Looking at the price action I would think that the Euro should move towards the 3-week highs (green) and stall:- range bound between the highs and the Weekly 50% level.
A swing back towards the 3-month 50% level is still a possibility later in April.
GBP monthly and Weekly highs
Supported but treat the Weekly highs next week and the 3-month 50% level as resistance.
I still have the view that GBP is moving towards the 3-month lows.
AUD Monthly and Weekly
Should continue towards April's highs next week:- resistance.
With an expectation that the trend is moving towards 98 cents during this Quarter.
