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.
This view was based on the Dilernia Principle of Break & extend pattern in 2013 lows, heading down into the 2014 lows, and then follow another principle of a 2-timeframe wave pattern:- 2015 lows
All that information is found in my books.
As we can see the DEC lows has supported price, but it is now likely to follow a January pattern down into .7951, and then make its way towards .7861 as the 2nd target in the Primary cycle
This is the next long term BUY zone, however it would not surprise me to see the AUD dip as low as .7621 in the 2nd Quater before institutional buying comes in to Support the AUD and sell the US dollar.
This also fits in with Metals following the same patterns of long term Support. (Read Gold & Silver)
