AUD Primary & Weekly cycles
The Australian dollar completed its move down into .7091 cents
I was expecting more support to come into the Aussie Dollar @ .7091 cents using the Primary Cycles, with a swing upwards into .7567 (resistance) but it instead has followed the Weekly cycles down into the September lows .6936 (random Support)
Based on current patterns coming into the end of the 3rd Quarter and the start of the 4th, there are two resistance levels:- .7220 & 7567,
Note:- Even though the trend remains weak, 5-day cycle set-ups should provide short-term buying opportunities above .7220 at the start of each weekly timeframe
Report continues below......
AUD Primary Cycles
Primary Cycles suggests the AUD has the potential to continue lower follow the Primary Cycles into the 2016 lows.
Short-sell 7567 in 2015.
