AUD Primary & Weekly Cycles
As noted in the previous report, the expectation of commodity prices dropping further in 2015 was going to weigh heavily on the Aussie dollar.
What was support becomes resistance, and that price was .78 cents.
There is still major support around .7567 that's worth trading but don't be surprised to see the AUD dip as low as the June lows.
Below .7567 and decent support resides around the Weekly lows (Green)
Page 34 of Market Trading Market Timing...
Use Sequential ordering of pattern formations
1. Apply the trend identification Model
2. Identify Support,Resistance, & Trends
3. Identify the change of Support & Resistance with the use of TIME
4. Forewarn & Foretell the likely events in the future using Principle SET-UPS
