12th MAY 2012 EUR & AUD Weekly Reports

Euro Monthly and Weekly cycles

Breakout of the Weekly lows should continue to extend down into next week's lows (random support)


AUD Monthly & Weekly cycles

Same applies on the AUD (Weekly Lows random support)

keep in mind that price is also below the Yearly 50% level and 2nd quarterly 50% level...

Therefore there is more downside to come...