AUD Primary & Weekly Cycles
Random support .6724
With a potential move down to 6639 - .6605
Froex Report AUD/USD 3rd November 2019
AUD/USD Primary & Weekly Cycles
What looked extremely bearish at the start of last month, things turn around quickly.
Support is now the Yearly lows at .6850
Resistance .7055 in the 4th Quarter
However, we can see that the levels dynamically drop lower at the start of 2020, which could see the AUD turn around it's Primary Bear Market
Forex report AUD/USD October Monthly Report
AUD/USD Primary & Weekly Cycles
We're currently looking at the AUD breaking the Yearly lows on the 3rd occassion, with a potential move down towards .6297
There's not going to be a turn around unless it's trading back above the Yearly lows and above the Monthly highs.
resistance - .6864 & 6961
AUD still looks to be moving lower after hitting the SEPTEMBER HIGHS
October - Resistance .6850
Target and random support in the 4th Quater around .6548/62
FOREX REPORT AUD/USD 1st September 2019
AUD/USD Primary & Weekly Cycles
Major support around .6745
However, a double yearly low but then break on the 3rd occassion
AUD could move as low at the 100% range .6297 (previous report)
We're currently looking at the AUD breaking the Yearly lows on the 3rd occassion, with a potential move down towards .6297
There are lower monthly levels in September that will play minor support and others that will play major resistance.
There's not going to be a turn around unless it's trading back above the Yearly lows and above the Monthly highs.
resistance - .6864 & 6961
minor support - .6671 & .6653/75
AUD/ USD Monthly Report 5th August 2019
AUD/USD Primary & Weekly Cycles
AUD back down into the AUGUST LOWS.
Major support around .6745
However, a double yearly low but then break on the 3rd occassion
&
AUD could move as low at the 100% range .6297
FOREX REPORT AUD/USD 30TH JUNE 2019
AUD/USD PRIMARY AND WEEKLY CYCLES
AUD WAS PUSHED DOWN FROM THE JUNE 50% LEVEL AND INTO THE YEARLY LOWS, ONCE AGAIN FORMING A DOUBLE BOTTOM. (January 1st bottom)
IF WE THINK AUD IS GOING HIGHER, THEN IT NEEDS TO REMAIN ABOVE THE JULY 50% LEVEL @ .7035
HOWEVER, CAN IT BREAK .7119?
I LIKE MY BEAR MARKET REVERSALS TO REACH DOUBLE YEARLY LOWS (WHICH IS DID EARLY IN THE YEAR) BUT THEN MOVE HIGHER FROM MARCH. (which it didn't)
THAT HASN'T HAPPENED IN THE AUD, SO AT THIS STAGE I'M RELUCTANT TO CALL A BEAR INTO BULL MARKET REVERSAL, BUT IT MAY CONTINUE HIGHER.
USE MONTHLY LEVELS IN WEEKLY CYCLES AS RANDOM RESISTANCE ZONES.
FOREX REPORT AUD/USD 9th June 2019 Monthly Report
AUD Primary Cycle & Weekly Cycle
I'm not confident that the AUD is going to go higher just yet.
Random resistance levels JUne 50% level & Weekly highs @ .7061
I won't have a bullish scenario until price is trading above the Quarterly levels (Yellow)
AUD/USD Forex Report - 28th April 2019
AUD Primary & Weekly cycles
For the Australian dollar to move higher it needs to remain above the April 50% level @ .7077.
It remained above the April 50% level until late this week, and now looks to be moving down towards .6827
Random support around the Weekly lows could see a counter-trend move up towards the MAY 50% level - Resistance.
FOREX AUD/USD 1st April 2019 Monthly Report
Primary & Weekly Cycles
As per previous Report, the Weekly lows were seen as support, simply because we believe the AUD is rising after completing it's 2-wave Primary cycle down into the 2019 lows at the start of January.
For the Australian dollar to move higher it needs to remain aobe the April 50% level @ .7077.
The only thing I don't like about the price action is the NO CONTROL bar for the month of March: - lack of buyers after the Weekly lows
AUD/USD Forex Report 3rd March 2019
AUD/USD PRIMARY & WEEKLY CYCLES
SHORT-TERM CYCLES are pushing the AUD lower, as seen with the MARCH 50% level
however, if the AUD is going to move upwards & towards the 2019 50% level at .7377, then the Weekly lows is seen as support
support .7025
Forex Report - AUD/USD 4th February 2019
AUD Primary & Weekly Cycles
looking for AUD to move up to the 2019 50% level @ .7408
But we might see some selling in early February down towards the Feb 50% level and Weekly lows before it goes higher.
AUD/USD FOREX REPORT 6th January 2019
AUD/USD PRIMARY & WEEKLY CYCLES
The Flash Crash earlier this week completed the move down into the 2019 lows.
This began once price moved back below the December 50% level, as part of the Primary trend down into the 2019 lows. (read Previous Reports)
Even though I don't know the long term trend on the AUD, as it's still in a BEAR CYCLE, my view is that price will continue up towards the 2019 50% level @ .7408, (Random Resistance)
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