USD Index (Monthly and Weekly
USD index is bearish, as it is trading below the January 50% level and below the single monthly lows.
However, the Quarterly levels are support the index.
Expectation that the trend should continue down, however, there's a possibility that next week's Monthly lows @ 76.77 provide a swing back upwards similar to what happen in Nymex futures on Friday.
This is based on price finding support at the monthly lows and being pushed upwards using the Quarterly level (Yellow).
Note:- keep in mind that the USD index is being pushed down from the Yearly 50% level, therefore the Primary trend is to continue lower
Euro Monthly and Weekly
As per Friday's report, the next best set-up would be for price to come back down from the weekly highs and into next week's level.
Trend guide next week is 1.3613
My view is for the Euro to continue upwards whilst above that level.
AUD monthly and Weekly
AUD continues to consolidate between those monthly levels.
Next Week:- price can push down into next week's lows, using the 50% level as the trend guide.
However my hunch is that the AUD can follow a text book pattern and rise back into the January 50% level @ 1.0007
Stall once again, and then come back down into the February 50% level, which then forms support....
and then continue up towards the Weekly highs, with a possible breakout of those highs.
We should continue to look for set-ups within the 12 hour patterns
