AUD Primary & Weekly Cycles
The overall trend is to continue up towards the 2017 highs, but there is random resistance around the November highs, whilst trailing support resides around the November lows @.7449 (Previous Report)
November highs slapped the AUD lower, along with Trumps victory and his negative attitude towards the TPP.
All of a sudden the AUD is looking weak with the November low breakout and price trading below the Yearly 50% level.
The AUD now looks like it's going lower using the December 50% level as resistance.
If the AUD fails to to head lower, but continues higher this week then the AUD will rally for the rest of the month. However trade what you see.. sell resistance.
