2nd July USD, EUR, AUD Weekly

USD Index

The Trend in the USD dollar is going to be determined by the 3rd Quarter level.

The trend guide in the 2nd Quarter has kept the USD dollar from rising upwards, after finding support at the Yearly lows.

And the trend guide in the 3rd Quarter (Yellow) will define whether it resumes the Yearly low support and continues higher, or not.

And as we can the USD dollar is starting the 3rd quarter below the July 50% level, whilst currencies are pushing up from their own.

Euro Monthly and Weekly

The euro will simply be defined by the July 50% level and the weekly level @ 1.4489

The overall trend remains bullish whilst the trend remains above the 3-Quarterly 50% level 1.4113

AUD Monthly and Weekly

The AUD has a trend bias to continue upwards, as long as it remains above Key Weekly  levels (white) and the July 50% level:- long term target 1.17

One pattern to keep an eye on is the higher step formation in the monthly cycles if the next 5-days moves upwards, but the very next week it turns around and begins trading below the July 50% level.

3-Quarterly support @ 1.0255