5th MARCH 2011, USD, EUR, AUD Weekly



USD Index Monthly & Weekly

Currently trading around the Monthly lows, and with the possibility that the trend follows a double monthly low in MARCH.

Short-term pattern could see a swing back towards the Weekly 50% level next week


Euro Monthly and Weekly

moving up towards the first Quarter highs ;- with random resistance around 1.4096.

Note:- there is a 5-day high pattern on Friday, which could see a swing back down towards the trailing Weekly level @ 1.3878, as part of retesting this week's high breakout.

If that happens early next week, then we look for the trend to move towards the highs.

otherwise, above 1.4120 and it's part of the Weekly break and extend pattern towards this week's high, which matches the first Quarter highs.


AUD Monthly and Weekly

I'm still looking for more gains in the AUD towards the MARCH highs.

The important pattern was on Friday and the 5-day low support.

This favours an upward bias during the first 2-days next week....

Let's see if by Tuesday the price is trading above the Weekly highs