US Dollar index Primary and Weekly cycles
There is a trust pattern in the 3rd Quarter with an overall trend bias down towards the 3rd Quarter lows.
The current trend looks to be following the weekly cycles in step formation.
Whilst the trend is moving lower, the trend bias in Currencies is to continue upwards in the early part of August
Euro monthly and Weekly cycles
If currencies are going to move upwards, then the critical trend guide on the euro is the
August monthly 50% level.....
along with the Weekly level @ 1.4410
AUD Monthly & Weekly cycles
Trend bias is to continue towards the August highs, which are seen as resistance...
with an overall target @ 1.17 in 2011
