17th March 2012 Euro & AUD Weekly Reports

EURO Monthly & Weekly cycles


The Euro looks like it could rally upwards over the next 2-weeks towards the March highs and Quarterly 50% levels.

That will depend on next week's 50% level...

otherwise price could slip down into the single monthly lows in the monthly cycles @ 1.2963 over the next 2-weeks until the start of the 2nd Quarter.

AUD Monthly and Weekly cycles

Overall target for the AUD is 1.12 (primary cycle).

next week is either going to rally upwards, using the single monthly lows and Weekly 50% level as the trend guide.

or the same levels will act as resistance and keep the AUD subdued until the start of the 2nd Quarter, as the new Quarterly 50% level provides the next THRUST pattern towards 1.12