AUD/USD Primary & Weekly Cycles
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) Previous Report
Yearly 50% level Support & 5-day high breakout.
consolidation above
but then it failed.
AUD looks weak with a trend bias down towards .7455.
Trend based on the yearly 50% level @ .7719
Resistance @ .7802
