Forex Currencies AUD/USD Monthly Report 7th March 2018





AUD/USD Primary & Weekly cycles

I would like to think the AUD will continue higher after reaching next week's lows at .7839 (look for a 5-day high breakout thereafter. (Weekly 50%)

Anything below that and the AUD is slowing making it's way back towards 2018 50% level  @ .7719 (SUPPORT)


AUD has moved down into the 50% level of the Yearly cycle at .7719.

If it's going to go higher, then there needs to be a 5-day high break out and then a 5-day consolidation above the March 50% level, which is then used as support in the following week. (late March)