8th October 2011 USD Index, EURO, AUD Weekly report

USD Monthly and Weekly cycles

My view is that the USD index is moving down towards the October 50% level...

however, the price action around the Weekly 50% level could see the index move back towards the highs

Euro Monthly and Weekly cycles

Friday's 5-day high reversal could see the euro move down 2-days, or at least remain choppy for the first 2-days next week.

after that we begin to see if price is going to continue up towards the monthly 50% levels.

Random support @ 1.3305

AUD monthly and Weekly cycles

Same applies on the AUD...

Weekly 50% level is the trend guide...

but it could begin with a 2-day down move early next week after Friday's 5-day high pattern.