1st September 2012 Euro & AUD Weekly Reports

Euro Monthly and Weekly cycles

Yearly lows didn't form resistance, and the Euro now looks like it's going to continue up into the September highs.(random resistance)

I'm not sure how much upside there is without the euro retesting the single monthly lows in the future months (RED)

AUD monthly and Weekly cycles

Trend guide the Wekely level @ 1.0343

Major support in the AUD @ 1.0235, along with the 3rd quarterly 50% level (yellow)