AUD/USD Primary cycles
As noted in the previous report, AUD rose on the back of the rate cut and hit the MAY highs and stalled
Support now resides around 78 cents:- Monthly 50% level and
2015 Lows.
Based on Commodity prices and their own Primary Cycles,
there is still a bias to move lower in 2015, how this effects the AUD for the
rest of the year will simply be defined by trading either side of .78cents
