10th September 2011 Weekly report (USD, EURO, AUD)

USD Index Primary and Weekly cycles

Breakout earlier this week has seen the USD index continue back towards the 3-Quarterly 50% level.

Trend is likely to continue towards next week's highs....

but then reverse back towards the September highs 76.80...

and then likely to continue towards the October highs

Euro Primary and Weekly cycles

Whatever happens in the USD index, the opposite will occur in the Euro.....

Which means a counter-trend move back towards the Weekly 50% level, which is seen as resistance

AUD Monthly and Weekly cycles

Trend bias is down, but it's unclear whether AUD remains choppy until the start of the 4th Quarter...

If there's a breakout of the Weekly lows, then look for further weakness.