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.
