USD Monthly and Weekly
USD Index completes the MAY high pattern.
These levels are seen as resistance but won't be verified until Friday, as this week can continue with a breakout and Weekly close above.
Based on the completion pattern from the monthly 50% levels into the highs, there is an each way bet on whether currencies find their lows this week and swing around or continue to trend downward
Euro Weekly and 5-day patternWith the USD index hitting the MAY highs and the Euro hitting the MAY lows, both trending patterns are complete, but it's too early to tell whether a reversal trend is going to take place.
Wednesday's 5-day lows:- random support.
Yellow resistance.
AUD Weekly and 5-day pattern
As per view view since the start of this Quarter, for AUD to continue higher it would need to find support at the monthly 50% levels.
Tuesday completed the move down into the monthly 50% levels, but there are lesser timeframe breakout patterns that could see more weakness.
Weekly low breakout and continue lower
Wednesday's 5-day lows random support.
5-day 50% level random resistance.
If there is going to be an UP move, it's best to verify support using Friday's close.
