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.