USD Index monthly and Weekly
USD moving into a double monthly low pattern in MARCH....
There is now two possible patterns.....
#1 rotates upwards from next week and back into the April 50% level
#2) USD Index is being sold down from the Yearty 50% level towards the Yearly lows @ 73.80
Therefore March lows can fail, or the next downward leg begins from April
Euro monthly and WeeklyHow the USD Index plays out will determine whether the Euro will begin to rotate back towards the April 50% level....
or the trend continues up towards the April highs. (2nd Quater highs)
Currently there's a breakout of the Weekly highs, which should extend up to next week's highs, and this will be seen as resistance.
AUD Weekly and Daily range
AUD moved above the 5-day 50% level on Friday, and then continued upwards during
the 2nd 12 hour pattern, as price rotates back towards this week's breakout.
Next Week:- Because there's a breakout pattern in the Weekly timeframe, I
would treat AUD as moving back down into the lows.
For that to happen price needs to be trading below .9897
Otherwise, this week's price action could be a fake break, and over the next
2-weeks AUD moves into a consolidation pattern within the Weekly levels until
the start of the 2nd Quarter (April)
