AUD / USD Primary & Weekly Cycles
Primary Cycles suggest more weakness in the AUD to new lows in 2019 to approx .6776
Downside target in the 4th Quarter is .6922 (random support)
However, in the Weekly cycles there's a breakout pattern to the upside, that could see more gains to the upside, as it goes looking for the 2019 50% level.
(Weekly high breakout and now above the November 50% level @ .7185)
Two patterns that could occur....
1. Moves up to the weekly highs, drops back below the November 50% level @ .7185 and then continues lower to .6922 by December, as the Primary Cycle is driving the trend lower
2. continues higher to the 2019 50% level by the end of the year or approx .7500, following the Weekly cycle breakout
