USD Primary and Monthly cycles
The question on the USD is whether the trend continues to move downward, as part of a push outward from the 3rd Quarterly 50% level and break the 2011 lows...
That will happen if they fail to raise the debt ceiling...
or does the 3rd quarterly trend guide @ 74.32 supports the trend, and the USD moves into another monthly sideways pattern.
Euro monthly and Weekly cycles
Coming into the last week of July and the trend is either going to continue to move upwards, and then higher at the start of August...
or it's going to move back down, as the trend remains below the July 50% level.
Trend guide @ 1.4424
AUD monthly and Weekly cycles
AUD could move down from a higher weekly open, as it hits the single monthly cycles.
Trend guide 1.0833..
if that happens then it's rotating back towards the August 50% level.
However, because there is a breakout of the Weekly highs....
my view is that the AUD will continue upwards in the last week of July, and then follow the cycle towards the August highs
