AUD/USD Primary & Weekly cycles
There's still a trend bias to move down into .71 cents (SUPPORT)
AUS/USD 3rd August 2015 Monthly Report
AUD/USD Primary & Weekly Cycles
As Noted in the Previous report, the price action is down into MAJOR Support level in August and 100% of the Primary range.
Therefore around .7091-71 is a level that good enough to GO LONG from...
However, there is a major resistance zone:- August 50% level 75.65 and previous Primary support earlier in the year.
This resistance zone could end up stalling the AUD for the rest of 2015.
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