27th November 2010 , USD, AUD, Euro GBP, Weekly

USD index

Too many fundamental problems in Europe is putting pressure on currencies whilst supporting the US dollar.

At this stage the trend bias is to continue up towards 81.96+

EURO Monthly and Weekly

Trend bias is to follow the trend down towards 1.2960.

Resistance is based on the Weekly level @ 1.3407


AUD monthly and Weekly

AUD just holding support levels, but looks to be moving down into the double weekly levels and November 50% level in the Weekly chart

At this stage the trend won't normally swing upwards until December.

There's a Dilernia Drop in forward month that can continue to push pressure on the trend during the current month

Therefore if support levels don't hold next week, trend bias is down towards .9351



GBP monthly and weekly

Random support around next week's lows and November lows @ 1.5411

if the market swings upwards next week, then the Weekly 50% level is seen as resistance, which is also the November 50% level.