USD Index monthly and WeeklyAny further Weakness in Currencies will be because the USD index is trying to move up towards the June 50% level (Yesterday's report)
The USD dollar has risen back into the June 50% level.
This is the level, that if the USD dollar is going to collapse then it should reverse down next week and make a bee-line for the June lows....
That will see commodites & currencies rise whilst the USD Tanks.
If the USD moves upwards for the next 3-days, then the collapse might not eventuate and for the next few weeks consolidate into July
Euro Monthly and Weekly
Next Week:- It's a simple case of trading either side of the monthly 50% level
AUD Monthly and WeeklySame applies on the AUD:- monthly 50% levels and single monthly lows will define whether the AUD moves higher...
or fails and breaks lower
