AUD/USD PRimary & Weekly cycles
At the moment I'm treating the AUD is still in a BEAR TRend but with a short-term counter-trend move upwards. (previous Report)
AUD looks to be moving down into the 2018 lows @ 7232 - 7214 (SUPPORT)
If it does continue down into that level in the early part of July, look for a counter-trend move upwards.
First target - .7455 (first resistance)
2018 50% level @ 76.94 (major resistance)
Any rise upwards is still part of a PRIMARY trend that looks to be heading further down in 2019.
(2-wave cycle - Dilernia Principle)
