USD Index USD index is reaching the Yearly highs in 2010.
These upper levels along with June highs can resist the trend moving higher, but might not provide a major reversal down until July.
There is a break and extend pattern in the monthly timeframe and Quarterly timeframe.
Therefore June's highs can resist the market a swing price back down towards the 3-week lows, but then there can be another move upwards in early July to complete the Quarter extend pattern and 3-month 'tops'
Those tops in July are more likely to provide a lasting reverdal pattern.
Euro monthly
If the patterns in the USD index play out then the June lows can swing the euro back towards the 3-month 50% levels
GBP monthly
Same pattern in GBP into June's lows
With a likely move down in July
AUD/USD
AUD likely to continue down into June's lows.....
