Forex Report AUD/USD 1st February 2016

AUD/ USD Primary & Weekly Cycles
 
The price of the Australian dollar didn't hit the major support zones in January around the 2016 lows.
 
The AUD may have another go in February, as the new 50% level pushes the AUD back into those levels, however it won't surprise me to see and move back towards the 3-month highs in February.
 
Trade on the side of the February 50% level @.7098.