Australian Dollar (Primary & Weekly Cycles
What was support becomes resistance, and that price is .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. (Previous Report)
Commodity prices heading downward dragging the AUD lower towards the July lows.(Random Support .7398)
There's a lack of support in the AUD as we begin the 3rd Quarter, with random support around the July lows that's either going to swing the AUD up into the 50% level @ 7727....
or for whatever reason the trend continues with the Primary cycles southbound into the 4th Quarter and .7091
