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.
