28th August 2010 ,USD Euro AUD, GBP Weekly


USD index

USD index looks well supported, however it's is too early to tell whether price is going to breakout above the September levels (50% levels)...

 or whether it's going to remain range bound and revisit the Yearly 50% level


Euro Monthly and Weekly

Euro has closed higher on Friday but right on the August 50% level.

It also stalled at the 5-day high on Friday.

I would look at the current price action and have the view that next is going to start with a 2-day down move.

And that decide from Wednesday whether the trend is going to continue lower or not (September start)




GBP monthly and Weekly

Currently looks well support....

Trend guide:- 1.5523.

it is either going to move back down into the Weekly lows, or follow the higher timeframe support levels and continue up towards 1.5829



AUD Monthly and Weekly

Looks well supported around the 3-month 50% level.

Trend guide:- .8968

upside bias is towards 90.95