1st Quarter Support @ 87.01 and expectation it is rising back towards the 50% levels...
A slow rise up into the end of March, and then a continuation down from around .9092 & down into the 2014 lows 8560, as part of the Primary break & extend pattern into the 2014 lows. (Previous Report)
AUD/Weekly Primary and Monthly cycles
Primary cycles suggests the AUD will continue down into the 2014 lows, as part of the break -n - extend pattern from the 2013 yearly lows (Dilernia Principle)
Monthly cycles in February also playing their part, as it forms resistance....
As long as it remains below the MARCH 50% level @ .8918, the trend bias is down.
if it breaks above the 5-day highs, then it's retesting the Quarterly 50% @ 9092.
