AUD Primary & Monthly cycles
Primary cycles suggests the AUD will continue down into the Yearly lows in 2014, as part of the Dilernia Principle of break & extend Patterns.
Currently that same pattern in the Quarterly cycles has played out, and this is where Support has formed during this Quarter around .8870 from 1.0137
We can also see the monthly cycles resistance zones, and this may continue during the last month in September @ .9179 and see the trend push lower in the 4th Quarter towards those Yearly lows in 2014.
However, never discount a larger rotation upwards in the 4th Quarter, as it moves back into the 2013 Yearly lows, that aligns with the Yearly 50% level in 2014.
