12th August 2010 ,USD, Euro AUD, Daily
USD Index
USD index heading back towards the August 50% levels.
most likely pattern is in a 2nd week step formation, with random resistance around the weekly highs
Euro Weekly and 5-day pattern
A ton of support around the 3-week lows and 3-month 50% levels, but price can continue down into Thursday's daily lows.
Trend guide on either direction is based on 1.2881.
AUD Weekly and 5-day pattern
Trend guide is the Weekly 50% level @ 89.74
Whilst below price is moving down into Thursday's 5-day lows with matching support @ 8861.
If above 89.74 then the 5-day 50% level is seen as resistance @ 9022-42