FOREX Report AUD/USD 3rd December 2017 Monthly Analysis

AUD/USD Primary & Weekly Cycles

 we've seen in the past this Quarterly level (YELLOW) can form a robust support zone and then see another move upwards, but that's not going to occur unless it confirms support with a breakout of the weekly highs and begin trading above the November 50%.

AUD remains under pressure, as it follows the Weekly cycles lower and looks to be drifting into the end of the Year to align with the new 2018 Primary 50% level that will be confirmed on the 1st January.

The Trend is down, but once again things can change quickly if it breaks out above the Weekly highs.

AUD/USD Forex report 4th November 2017

AUD / USD  Primary and Weekly Cycles

It's currently in a PRIMARY Breakout therefore there's an expectation it's trending up into 2018.

2017 target -  heading towards $0.8289 (previous Report)

What the AUD should have done was continue with the Primary breakout towards the 100% yearly highs, instead the Australian dollar showed it's weakness in the last week of September with the Weekly low breakout and the Yearly highs formed resistance.

As we've seen in the past this Quarterly level (YELLOW @ .7687 can form a robust support zone and then see another move upwards, but that's not going to occur unless it confirms support with a breakout of the weekly highs and begin trading above the November 50%.

TREND- Short term trend is weak and could continue down into this week's lows

Australian Dollar USD Forex Report September 2017

AUSTRALIA DOLLAR PRIMARY & WEEKLY 

Aussie dollar a lot stronger than expected, as it has broken the Primary Resistance levels and now heading towards the 100% target @ 82.89

Support -  August 50% level and Weekly lows

Australian Dollar remains in a tight band within the Weekly cycles after dipping earlier in the month into Support levels.

It's currently in a PRIMARY Breakout therefore there's an expectation it's trending up into 2018.

2017 target -  heading towards $0.8289

Australian Dollar US Dollar Forex Report August 2017

                                                  Australian Dollar Primary & Weekly Cycles

Aussie dollar a lot stronger than expected, as it has broken the Primary Resistance levels and now heading towards the 100% target @ 82.89

Support -  August 50% level and Weekly lows

The Australian Dollar AUD/USD Monthly report 2nd July 2017

AUD/USD Primary & Weekly Cycles

If wrong, then price will breakout above the Weekly highs and then the week after next will form support above .7491 (Previous Report)

 Breakout of the Weekly highs and the AUD is rising towards the Yearly highs & July highs.

 Both those levels around .7785 & .7815  is still as resistance

AUD/USD Forex Monthly Report 3rd June 2017

AUD/USD Primary & Weekly Cycles 

 The key level on the AUD is .7491 Short-term is looks like it's moving down into the MAY lows, which is a random support level, simply because if it breaks that level it's going to follow a 2-month wave pattern down into the June lows (Previous Report) 

 As per previous report it looks like moving down into the June lows, using the Weekly highs as resistance and the June lows as Support. (2017 Yearly 50% level - Red)

 If wrong, then price will breakout above the Weekly highs and then the week after next will form support above .7491

AUD/USD 1st MAY 2017 Forex Monthly Report

AUD/USD PRIMARY & Weekly Cycles

AUD isn't looking robust coming into the start of MAY.

Where there was initial support around the Quarterly levels @ .74.91 for the first 2 weeks of April, it has failed to move higher and now has closed below that level at the end of the month.

The key level on the AUD is .7491

Short-term is looks like it's moving down into the MAY lows, which is a random support level, simply because if it breaks that level it's going to follow a 2-month wave pattern down into the June lows

AUD/USD Forex Report 1st April 2017

AUd/USD Primary & Weekly Cycles

The medium term bias is to go higher and reach the 2017 highs @ .7785, whilst the short term bias is to dip down into the Weekly lows.

Random Support :- .7482  /  . 7513

AUD looks to be moving higher in the 2nd Quater, as it follow the Quarterly dynamics towards the 2017 highs @ .7785 - 79

Trade on the side of  .7625

Australian Dollar USD 3rd March 2017 monthly Report

Australian Dollar/USD Dollar Primary & Weekly Cycles

AUD looks steady without providing a long term target.

The medium term bias is to go higher and reach the 2017 highs @ .7785, whilst the short term bias is to dip down into the Weekly lows.

Random Support :- .7482  /  . 7513

Australian Dollar USD 5th February 2017 Market Report

AUD Primary & Weekly highs

If the AUD moves upwards in the early part of January, I can't see it going higher than the January 50% level (Weekly highs)  Previous Report

Classic breakout of the Weekly highs and January 50% level, where there was expected resistance has completely changed the trajectory of the Aussie Dollar.

Support now resides around .7485, with an expectation that price will continue up towards the 2017 highs.

AUD/USD FOREX REPORT 2nd January 2017

AUD/USD PRIMARY & WEEKLY CYCLES

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. SELL Resistance  (5th DEC 2016)

IF AUD moves down into .7055 in the early part of January then it's a BUY.

How high will it go depends on the trailing Weekly cycle highs (GREEN), but the 2017 50% level around .7283 can slam the breaks on any rise.

If the AUD moves upwards in the early part of January, I can't see it going higher than the January 50% level (Weekly highs)

LONG TERM

AUD has all the hallmarks of moving towards the 2017 lows during this current PRIMARY cycle, it just might happen from the 2nd Quarter.