18 DEC2010, USD, AUD, EUR,GBP Weekly

USD Index

looks to be range trading between the levels in December, and with a possible move up towards the Quarterly 50% level @ 81.96


AUD monthly and Weekly

AUD is either going to remain choppy over the next 2-weeks until the end of the year...

or follow an orderly pattern upwards after testing the 1st 3-week highs...

and then continuing towards the December highs using the Weekly 50% level as support and a trend guide for the next 2-weeks


Euro monthly and Weekly

The euro is trading below a number of important higher timeframe 50% level (3-Quarterly and 3-month 50% levels).

current price action suggests a move down into December's lows @ 1.2960- 1.2931.

I can get bullish on Euro unless it breaks out of the 3-weeks


GBP Monthly and Weekly

currently holding some support around the December level.

It may follow a doubly Weekly lows pattern into next week's lows.

I'd would still treat the weekly 50% level and December 50% level as resistance until the end of the month.