USD Index
USD index is currently trading below the July lows, and whilst below the July lows the bias is to continue down into the Yearly 50% level.
However, as of next week price moves into a new 3-month cycle.
If price finds support for the next 5-days above 83.75 (red) and then a weekly close back above the July 50% level then the US dollar will continue upwards once again.
EuroIf that happens then that aligns with my view that the Euro is heading back down towards the 3-month lows over the next Quarter.
single monthly high (red) with matching 3-month 50% level at the start of the Quarter is often a bearish pattern that can drive the Euro back down.
GBP
Based on the current price action price looks to be moving towards the 3-Quarterly 50% level (yellow).
This should align with the July highs (resistance)
AUD
Whilst price opens below 84.51 next week the expectation is to push down into July's lows once again.
Note:- July's lows match the Yearly 50% level therefore there is a lot of support around these levels for the 3-Quarter.
