26th November 2011 USD, Euro, AUD Weekly Report

USD Monthly and Weekly

USD Index continues with the expected upward trend towards the November highs...

Those highs are seen as resistance, with the Weekly 50% level as the trend guide...

Note:- this pattern as part of a Quarterly breakout pattern from the 3rd Quarter.

This could result in the trend continuing to extend up towards the December highs...

which normally happens after the Trend revisits the Weekly lows later in December.

Euro Monthly & Weekly Cycle

Moving down into the November lows (random support)

Either the trend extends towards the December lows...

or swings up towards the December 50% levels later next week...

AUD Monthly and Weekly


Same applies on the AUD....