USD Index
My view is that the USD will continue to rise towards the November highs...
Even though the Weekly highs has stalled Thursday from rising.
Euro Weekly and Daily
If the USD is going to continue to rise, then the Euro will continue to fall.
However, the movement back within the Weekly lows (fake break), can often see more gains on Friday.
There are two pattern as play on friday.
remains choppy between both Weekly levels (White & Green).
Friday sells off using the white channel lows in the 12 hour range, moves down into Friday's lows....
and continues with the breakout in the 2nd 12 hour period.
I haven't factored an UP day, because of my view of the USD
AUD Weekly and Daily
Same applies on the AUD...
White channel lows and the Weekly level could send Friday DOWN, as the USD strengthens
Otherwise, Thursday's support off the daily and Weekly lows could see Friday rise back towards the November 50% level by Monday...
- All Daily forex reports are written before 11.00am Sydney Time, which is approximately Midnight GMT
