AUD Primary cycles
The Primary cycles in the AUD was always going to continue down into the 2014 lows and then follow a 2 period cycle pattern towards the 2015 lows.
The large Primary cycle has now completed, reaching the 2015 lows @ .7861, and when we compare the current price action with the price action in the Precious Metals (GOLD & Silver), there is very good reason why the AUD can now begin to rise upwards. (READ Previous Report)
To confirm the long term view of AUD finding support, there needs to be a breakout of the 3-week highs, or a move above the February 50% level around .8230 to help validate the current price action.
Primary & Weekly cycles
Short-term cycles have a Weekly breakout @ .8044 , Weekly 50% level rejection, and now likely to follow the trend down into this week's lows and then February lows next week, as part of a break & extend pattern
