11th September 2010 , USD, Euro AUD, Weekly


USD Index

At this stage the USD Index  is consolidating within the 3rd Quarter after finding support around the Yearly 50% level.

There is a bias to continue higher, but that will need to be verified only after price is trading above the September 50% levels


Euro Monthly and Weekly

Consolidating above support levels and forming a support base.

At this stage price can continue to consolidate until the end of the Quarter, but what traders need to keep an eye on is  whether the USD Index continues higher and the Euro breaks below 1.2566.

GBP Monthly and Weekly

holding support @ 1.5264

1.5264 is either going to send GBP higher over the next 2-months

or it's going to break and move lower

AUD Monthly and Weekly

AUD moving up into higher timeframe resistance levels...:- 9392

but the strength of the trend should be determined by price trading either side of the 3-Quarterly 50% level @ 9189-98