USD Index
USD index trading around the October lows and my view is that the Index will try and swing back towards the November 50% level and then continue down again.
If that's going to happen then it's going to align with the 3-Week of the month, with price trading above next week's 50% levels.
At this stage there is still the possibility that the Index can push down into the Weekly lows
Euro Weekly and 5-day pattern
The euro can continue to trend higher towards the Weekly lows, but there's isn't an ideal long trade today.
Support remains 1.3949.
much less so if the market is reversing down from Thursday's highs in the US timezone.
Bearish pattern would be trading below support on Thursday
AUD monthly and Weekly
Target on AUD will complete @ 9979, which aligns with Thursday's highs.
My view is a potential 3rd week reversal pattern (next week), but I need to see lesser timeframe patterns to help verify the pattern.
I think AUD will continue to trend upwards and break parity, but the most robust trending pattern (after .9979) is to see the market reverse down and then continue higher from November's 50% level
