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.