AUD/USD Forex Report 3rd March 2015 Monthly report

AUD/USD Primary & Weekly cycles

Support resides around .7555-7567

Price continues to consolidate around the 2015 lows, without reaching MAJOR Support around .7567

Unless there's a breakout above the Monthly & Quarterly 50% level @ .7937, there is a bias to move lower.

Keep an eye on next week's Weekly lows, as a thrust pattern upwards from those lows (Random support) and a breakout above the Weekly highs, can see a Quarterly recovery towards .8311

Commodity prices holding back the AUD (Read GOLD & Silver Reports)