USD Index
USD index pushing down from the July 50% level and a breakout of the single monthly lows…
Unless the Index finds support @ 83.73 this week and next week begins trading back above the July 50% level, the trend bias is to continue down towards the 2010 50% level and 3-month lows.
Euro Weekly and 5-day pattern….
With the Index moving down the Euro is moving up….
Euro moving into the Weekly and 5-day highs on Thursday. (upper target 1.2710) as shown in Weekly report.
Therefore the trend bias is to continue higher, but it is how price responds to 1.2710 and where Friday closes.
I can’t be bearish unless the Euro is back below 1.2539 (white)
AUD Weekly and 5-day pattern
AUD looks to be heading towards the Weekly highs….
Random support and trend guide July 50% level @ .86.23.
Random resistance:- Weekly highs and Thursday’s highs
