USD Index Primary and Monthly Cycles
USD index continues to consolidate around the Yearly lows, without giving clues as to whether the trend will move down towards the Quarterly lows...
Euro Monthly and Weekly cycles
I would think that the Euro would try and move higher, as it's above the Monthly 50% level....
but until it breaks out of the Weekly highs, the only thing to focus on is the 12 hour patterns.
AUD Monthly and Weekly
August lows and 3rd quarter level supporting the current trend...
However, my view is that the AUD will move down into the lower weekly level @ 1.0170.
I could be wrong if next week is trading above the Weekly 50% level and August @ 1.0488
