The question remains..... does the USD index reverse up from the April lows and 2011 Yearly lows?
or does it continue with the larger Primary trend and make lower lows into 2012
AUD Primary and Secondary cycles
Resistance remains around 1.0612 to 1.0666
Expectation that the trend will come back towards lower support levels.
However, if April closes above those levels, there is the possibility that the AUD continues towards 1.1707 during 2011
Euro Primary and Secondary cycles.
Same applies on the Euro....
Expectation that the market is trading around April resistance levels...
Yearly highs @ 1.4631
any further gains above those highs, could see a rally towards 1.5655 to 1.5982
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
