AUD/USD Forex Report 1st October 2018

AUD Primary & Weekly Cycles

As noted in the previous reports, the major support level in the Primary cycle is .7140 in 2018

Even though there's an expectation that 2019 will push lower, as part of the 2nd wave in Bear trend, there's always a possibility there will be a Secondary counter-trend move against the Primary trend.

Resistance - October 50% level & Weekly highs

Down target .7013

Secondary counter-trend move .7533 (major resistance)