USD Index Primary & Secondary cycles
USD dollar is down into the Yearly lows and also the 3-Quarterly lows...but it's below the April lows that could see an extension down into the MAY lows.
My view is that the USD dollar is going to swing upwards in the next week or two, but the key pattern to watch is how the next 4 weeks plays out...
Because of the 3rd month of the current Quarter, which could send the trend lower into the 3rd Quarter, resulting in a breakout of the Yearly lows in 2011.
A breakout of the Yearly lows will continue to move lower towards the lows in 2012
Euro Yearly and Secondary cycles
if that's the case the expectation that the Euro can continue to move up into MAy's highs, but then reverse back down into the MAY 50% level...
Because the Euro is above the Yearly highs, then we look for the next move upwards from June towards 1.5982 (100% yearly)
AUD Primary and Secondary
Same applies on the AUD....
MAY high resistance.....
And MAY 50% level support, as it's above the Yearly highs...
then look from June onwards for the next move upwards.
Daily reports out @ 9:30 am on Monday
