AUD Weekly and Daily cycles
AUD could be flat until 14:30 when the RBA meets.
if they cut rates, then the AUD could be on its way down towards the June lows by tomorrow.
If they don't then it's up
in the mean time, the 5-day 50% level is the trend guide....
Whilst the Weekly level @ .9670 defines the overall trend direction this week
Looks to be moving up into Tuesday's highs...(resistance)
but i'm not sure whether it's going to breakout and continue up towards the June 50% level.
Overall trend bias is to complete the MAY break and extend pattern towards the June lows, but the daily levels aren't providing that set-up at the moment.
