AUD Primary & Monthly cycles
My view was that the AUD would continue lower, as part of the Dilernia Principle with the Primary cycles.
However, it has done the opposite, and has broken out within the Monthly cycles in the last month of the Quarter, which suggests the trend will continue higher in the 2nd Quarter.
This suggests that the trend will continue up into the April highs, and into the 2014 Yearly 50% level @ .9449.
However, my view is that is will follow a similar pattern as GOLD (click the above link)
The current price action is following a retest pattern, where it retests last year''s breakout that often aligns with the Yearly 50% level. Once that completes, my view is that the AUD will resumes its downward trend towards the 2014 lows.
