AUD/USD Primary cycles
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) Previous Report
As we can see the AUD rose on the back of the 5-day high break earlier this month, without reaching the first resistance zone @7474, instead slipping back and retesting Support.
This support zone resides @ .7091, but the trend guide as to whether it moves up towards .7567 begins next week from 7155.
Note: Primary trend suggest the long term trend guide is to continue lower in 2016.
Below .7091 and keep an eye on .6894
