USD Index
With QE2 ending on the 22/6/2011, is this going to push the US Dollar higher, and currencies lower???
In theory it should, and yesterday's 2nd 12 hour patterns suggests it should continue until Friday.
Euro Weekly and Daily rangeIt's all about whether the 11am support and 5-day 50% level will push the trend up towards the 11am levels (resistance)...
or whether the trend breaks and continues towards the Weekly lows by Friday:- first target the Weekly level @ 1.42250
Random trend guide the 5-day 50% level.
AUD Weekly and Daily range
Same applies on the AUD....
it's the 5-day 50% level, as the trend guide with the first 4 hours moving down towards random support levels in the first 12 hours
if those 12 hour levels fail to hold support, the target on the downside in the June 50% level 1.0551
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
