USD Index Quarterly and MonthlyWe are coming into the end of 2010 and the start of a new Primary cycle that aligns with the Yearly 50% level in 2011.
Basically the next trend will be pushed away from this level, start from the weekly after next.
At this stage we don't know exactly which direction it will go, and which opposite direction currencies will go.
Euro Quarterly and Weekly
If I was a betting man I would say the Euro will continue lower, as it follows the 2nd wave pattern into lower lows for 2011.
therefore over the next 5-days we need to keep an eye on how the Euro reponds to the Weekly levels, and if there's another tight 5-day trading range keeping it below those higher timeframe 50% levels
AUD monthly and Weekly
At this stage my view is that the AUD will try and push up towards next year's 2011 highs...
and in the short-term continue to trend towards the December highs next week.
