6th August 2011 Weekly (USD, EURo, AUD)


USD index Primary and Monthly cycles

3rd Quarterly 50% level rejection pattern but the 2011 Yearly lows continue to support the current trend.

As this stage it's an each way bet on the direction over the next 5-days...

the USD dollar could continue to rise, and move back towards the quarterly 50% level...

or follow the next leg downward from the August 50% level, and finally move down into 71.998


Euro Primary and Monthly cycles

Same applies in the Euro...and each way bet

continue to be supported around it's 3-Quarterly lows, and move upwards over the next 5-days

or 1.4315 is going to push the trend down into the August lows

AUD Primary and Monthly cycles

AUD has failed to continue upwards, and move towards the 2011 Yearly highs...

in fac,t if it can't hold the 3rd Quarterly support level and August lows.....

Then the AUD will drop down into the Yearly 50% level @ 95.15