AUD Primary & Weekly cycles
First resistance zone @ .7220 held, and now it's moved down to .7154 in October.
As noted in previous report, the AUD is likely to follow the trend down in 2016 towards the lows around .66 cents
There are two patterns at play,
1. trade resistance during each monthly timeframe with the expectation that it's following the primary cycles downward in 2016.
2. Weekly breakout on Monday above the previous 5-day highs & .7154 , which forms support the following week, and the expectation that the AUD is retesting .7567 (major Resistance SELL ZONE)
