USD Primary cycles
Does the USD continue to rise upwards in the last week of MAY and continue higher in June???
or does the last week of MAY reverse and close back below the monthly 50% levels, and the trend continues lower in June, breaking out of the Quarterly lows and extending lower into the 3rd Quarter.
Euro Monthly and WeeklyEuro is currently in a monthly breakout pattern which should continue to extend lower in the last week of the month, if the USD decides to move upwards.
if not, then the Euro will move back inside the Weekly levels, and the next 5-days has up upward bias into the start of June.
Trend guide @ 1.4152
AUD monthly and Weekly
AUD continues to remain above the Yearly highs @ 1.0612, after finding support @ the MAY 50% level
if it's going to continue upwards, then the last week in MAY will move above the Weekly 50% level and trend towards the upper weekly level.
Trend guide @ 1.0612 and also the Weekly 50% level 1.0695
